U.S. Commerce Secretary: If Canada can stop fentanyl, it will be open to tariffs

On March 5th, local time on March 5th, US Commerce Secretary Lutnik said in an interview with the media that if Canada can stop fentanyl, US President Trump will be open to tariffs. Lutnik said that Trump is considering which industries can give Canada tariff relief. He will discuss with Trump on the 5th and is expected to make an announcement in the afternoon of the same day. Lutnik said that the tariff will remain at 25%, but some categories may be excluded. He also said that the compliance of the United States-Mexico-Canada Agreement is being reviewed and the agreement will be renegotiated in 2026.