World
Trump vows March 4 tariffs for Mexico, Canada, extra 10% for China over fentanyl
U.S. President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect on March 4 along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the U.S. from those countries.
Trump told reporters in the Oval Office that the fresh tariffs on Chinese imports would stack on top of the 10% tariff that he levied on Feb. 4 over the fentanyl opioid crisis, resulting in a cumulative 20% tariff, Reuters reported.
Trump first announced the new duties on Chinese imports in a post, opens new tab on his Truth Social site that he would impose the additional 10% tariff, effective March 4.
In the post, Trump said drugs, namely fentanyl, were still coming into the U.S. at “very high and unacceptable levels,” with a large percentage of them the deadly opioid fentanyl.
Trump told reporters he decided to add the extra tariffs on China and stick to the Tuesday deadline for Canada and Mexico given what his administration sees as insufficient progress on curbing fentanyl flows into the country.
Asked if Mexico and Canada had made enough progress on curbing fentanyl shipments into the U.S., Trump said: “I don’t see that at all. No, not on drugs.”
“There are ongoing discussions with the Chinese, Mexico and Canada,” a White House official told Reuters. “We’ve gotten a good handle on the migration issue, but there are still concerns on the other issue of fentanyl deaths.
Sources told Reuters that Mexico will extradite to the United States drug lord Rafael Caro Quintero, who was convicted in 1985 of murdering a U.S. Drug Enforcement Administration agent but released in 2013 and returned to trafficking.
According to the Centers for Disease Control, 72,776 people died from synthetic opioids in 2023 in the U.S., chiefly from fentanyl.
FOREIGN AID FREEZE
Customs and Border Patrol agents seized 991 pounds of fentanyl at the southwest border in January 2025, down 50.5% from a year earlier, but still enough to kill many millions of Americans, the White House official said.
Trump’s move to blame Mexico and Canada for the continuing flow of fentanyl into the U.S. comes as his freeze on American foreign aid is disrupting efforts to fight the illicit trade.
Reuters reported on Monday that his aid freeze has stalled the planned expansion of a United Nations program to help the Mexican Navy better screen cargo and interdict fentanyl ingredients and other contraband, and other activities.
Also hampering U.S. drug interdiction efforts is a decision by U.S. Customs and Border Protection to delay implementation of a ban on duty-free low-value package shipments from Canada, China and Mexico until better screening can be implemented.
TARIFF TACTICS
Trump’s decision to ratchet up tariffs on Chinese goods mirrors his moves to escalate tariffs during his first-term trade wars with Beijing until serious trade negotiations took place between the world’s two largest economies.
Dean Cheng, senior adviser at the U.S. Institute of Peace, said the rising tariffs were part of a broad push by Trump to respond to Chinese challenges that also included the State Department’s removal of wording about not supporting Taiwan independence to tougher scrutiny of U.S.-listed Chinese companies.
“It’s all the pieces on the chessboard,” he said.
The Chinese embassy had no immediate comment.
Thus far, Chinese President Xi Jinping has not engaged in negotiations over fentanyl, instead applying limited 10% retaliatory duties on U.S. energy and farm equipment.
But Beijing could push back harder as Trump’s new tariffs reach 20% on U.S. imports from China, on top of existing duties of up to 25% imposed during Trump’s first term. U.S. imports from China totaled $439 billion last year, according to U.S. Census Bureau data.
Piling on more tariffs could pose risks to both the Chinese and U.S. economies. China has been struggling with a property crisis and weak domestic demand, while U.S. inflation remains sticky and interest rates are elevated.
China, in a letter to U.S. Trade Representative Jamieson Greer, called for equal dialogue and consultation.
Trump has targeted early April for implementing broader “reciprocal tariffs” to match the import duty rates of other countries and offset their other restrictions.
During a news conference on Thursday, Trump downplayed the potential inflationary impact of tariffs for Americans, arguing that his first-term tariffs on China raised hundreds of billions of dollars without negatively affecting the U.S. economy.
“I find that it’s not about inflation. It’s about fairness. And the inflation for us has not existed, and I don’t think it’s going to exist,” he said.
TARIFF, BORDER TALKS
Canadian and Mexican officials were due to meet with Trump administration counterparts in Washington on Thursday and Friday to try to forestall the tariffs, which could deal a serious blow to a highly integrated North American economy.
Mexican Economy Minister Marcelo Ebrard will meet with Greer on Thursday and Commerce Secretary Howard Lutnick on Friday.
Ebrard’s deputy, Vidal Llerenas, on Thursday said Mexico could adopt other trade measures beyond the recent tariffs it imposed on certain imports to reduce cheap shipments from China.
In Canada, Public Safety Minister David McGuinty said on Thursday that the progress Canada has made on tightening security along the border with the United States and combating drug smuggling should satisfy the Trump administration.
“The evidence is irrefutable – progress is being made,” McGuinty said in televised remarks to reporters in Washington ahead of two days of talks with U.S. officials.
“In my view, any test that was put on Canada in terms of showing progress and meeting standards for the border – I believe those have been met,” he said.
The Canada Border Services Agency said in a statement that it was launching a targeted, cross-country initiative to intercept illegal contraband arriving and leaving the country, with a focus on fentanyl and other synthetic narcotics.
World
G7 foreign ministers demand an end to attacks on civilians in Iran war
The ministers also reiterated the need to restore safe and toll-free freedom of navigation in the Strait of Hormuz.
The foreign ministers of the G7 group of nations called on Friday for an immediate stop to attacks against civilians and civilian infrastructure in the Iran war.
In a joint statement agreed on the second day of a G7 meeting in France – this year’s host country – the ministers said they had underscored the importance of minimising the impact of the conflict on regional partners, civilian populations and critical infrastructure.
“We focused on the value of diverse partnerships, coordination, and supporting initiatives, including to mitigate global economic shocks such as disruptions to economic, energy, fertilizer and commercial supply chains, which have direct impacts on our citizens,” they said in the statement seen by Reuters.
The ministers also reiterated the need to restore safe and toll-free freedom of navigation in the Strait of Hormuz.
The G7 members are the United States, Britain, Canada, France, Germany, Italy and Japan, along with the European Union.
World
US Vice President Vance emerges as key figure in Iran peace efforts: Report
US Vice President JD Vance has taken a leading role in Washington’s efforts to broker peace with Iran, nearly a month into the ongoing conflict, according to US media reports on Friday.
An Axios report says Vance has been actively engaged in behind-the-scenes diplomacy, holding multiple discussions with Israeli Prime Minister Benjamin Netanyahu and coordinating with Gulf allies, while maintaining indirect communication channels with Iranian officials.
The White House reportedly views Vance as a central negotiator due to his senior position and his skepticism toward prolonged military engagements, making him a suitable envoy for sensitive negotiations.
Vance’s efforts include coordination with countries such as the United Arab Emirates and Qatar, focusing on de-escalation, potential peace talks, and regional security.
US President Donald Trump formally confirmed Vance’s role on Thursday, noting that he is working alongside Middle East Envoy Steve Witkoff and Jared Kushner on ongoing negotiations and will brief officials on developments regarding Iran.
White House officials told Axios that Vance’s seniority and opposition to extended foreign conflicts make him a more appealing interlocutor for Iran than other envoys, with Witkoff recommending him as the lead negotiator. “If the Iranians can’t strike a deal with Vance, they don’t get a deal. He’s the best they’re gonna get,” a senior administration official said.
While Vance assumes a larger diplomatic role, Witkoff and Kushner continue handling negotiations. Reports of a confrontation between Vance and Netanyahu were dismissed by US and Israeli sources as inaccurate.
According to the report, Vance initially expressed skepticism about the war’s duration, objectives, and resource impact but supported a strategy of overwhelming force once Trump decided to proceed. Vance remains aligned with Israel while carefully navigating differences between US and Israeli objectives, advisers said.
“He has his own views, but he is going to work according to Trump’s instructions and try to achieve an outcome that the president likes,” a source close to Vance added.
World
Trump signature to appear on US currency, ending 165-year tradition
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
U.S. paper currency will bear President Donald Trump’s signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday.
The redesigned notes, planned to mark the 250th anniversary of American independence, will also for the first time in 165 years drop the signature of the U.S. treasurer, who reports to the Treasury Secretary and oversees the Bureau of Engraving and Printing, the U.S. Mint and other Treasury functions, Reuters reported.
The first $100 bills with Trump’s signature and that of U.S. Treasury Secretary Scott Bessent will be printed in June, followed by other bills in subsequent months. The new bills may take several weeks to circulate through banks.
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
Malerba will be the last of an unbroken line of treasurers whose signatures have appeared on U.S. federal currency since 1861, when the U.S. government first issued it.
The signature change is the latest effort by the Trump administration and its allies to put the president’s name on buildings, institutions, government programs, warships and coins. A federal arts panel, whose members Trump appointed, approved last week the design for a commemorative gold coin with Trump’s image.
Bessent said in a statement that the move was appropriate for the U.S. 250th anniversary, given strong U.S. economic growth and financial stability during Trump’s second term, read the report.
“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said.
An effort for a circulating $1 Trump coin was set back by laws prohibiting the depiction of living individuals on U.S. coins.
A statute governing the printing of Federal Reserve notes gives the Treasury broad discretion to change designs to guard against counterfeiting. The law requires keeping certain elements, including the words “In God We Trust,” and only allows portraits of deceased individuals.
The overall designs of bills will not change, except for Trump’s signature replacing the Treasurer’s, Treasury officials said. A mock-up of the $100 bill with Trump’s signature was not immediately available.
Malerba, the former treasurer, declined comment on the Trump administration’s move.
Her predecessor, Jovita Carranza, who served as treasurer in Trump’s first term, called the change “a powerful symbol of American resilience, the enduring strength of free enterprise and the promise of continued greatness.”
The current treasurer, Brandon Beach, whose name has not appeared on the currency, also issued a supportive statement, saying Trump was the architect of a “golden age economic revival.”
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