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International Business Times
International Business Times
World

Trump's Canada, Mexico Tariff Threat Aimed At Gaining Leverage In Trade Talks: Experts

US President Donald Trump said after taking office that he could impose 25 percent tariffs on Mexican imports as soon as February 1 (Credit: AFP)

President Donald Trump's threats to impose punishing tariffs on Canada and Mexico may be part of a strategy to gain leverage ahead of new negotiations on a regional trade agreement, experts said.

Hours after his inauguration on Monday, Trump told reporters he may implement a 25 percent levy on all Canadian and Mexican imports starting February 1. He had previously promised to sign documents imposing the duties first day of his new term.

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