Trump administration seeks to avoid tariffs on Mexico, Canada

President Donald Trump has reiterated his intention to impose 25% tariffs on imports from Canada and Mexico, citing issues related to border security and the flow of drugs, particularly fentanyl. However, advisers are exploring alternatives to broad tariffs, potentially opting for targeted measures that may exclude oil and focus on specific sectors like steel and aluminum. As negotiations continue, Trump could announce tariffs by Saturday but might implement a grace period for further discussions. Canada's response includes a C$1.3 billion border security initiative, while Mexican officials have indicated they would retaliate with their own tariffs if imposed. Trump's nominee for Commerce Secretary, Howard Lutnick, has emphasized that stronger border measures could help both countries avoid the tariffs. The situation remains fluid, with final decisions pending as officials from both nations engage in last-minute negotiations.