U.S. Tariffs Persist Amid Fentanyl Crisis

U.S. President Donald Trump maintains tariffs on Mexico, Canada, and China as a lever against the fentanyl crisis. U.S. Commerce Secretary Howard Lutnick assures the measures aim to protect American lives and dismisses fears of a recession, despite acknowledging potential price increases on foreign-made goods.

President Donald Trump is keeping strong pressure on tariffs involving Mexico, Canada, and China due to their handling of fentanyl, as stated by U.S. Commerce Secretary Howard Lutnick. If the fentanyl issue resolves, tariffs might ease; otherwise, they will persist to safeguard American lives.

According to Lutnick, U.S. tariffs of 25% on steel and aluminum are set to proceed despite concerns. Canada and Mexico remain key exporters of these metals to the U.S., with Canada being the primary source of aluminum imports.

Lutnick dismissed worries that these tariffs could spark a recession, stating categorically that America will not face such an economic downturn. He did, however, acknowledge that consumers might face higher costs on foreign goods, while asserting that American products may become cheaper as a result.

(With inputs from agencies.)