US COMMERCE SECRETARY: TRUMP WON’T WAIVE FENTANYL-RELATED TARIFFS

No Tariff Waiver on Fentanyl-Linked Trade: US Commerce Secretary Howard Lutnick said President Trump will not remove tariffs on Mexico, Canada, and China due to fentanyl smuggling.

Stopping Fentanyl is the Priority: Trump will keep these tariffs until he believes fentanyl smuggling has stopped to protect American lives.

Steel and Aluminum Tariffs Begin: A 25% tariff on steel and aluminum imports will start on Wednesday.

Canada and Mexico Affected: Canada is the biggest supplier of aluminum to the US, and Mexico is also a key exporter.

Higher Prices but No Recession: Tariffs may make imported goods more expensive, but Lutnick believes they won’t cause a US recession.

Boosting American Products: The goal is to make American-made goods cheaper compared to foreign ones.