Trump announces 25% tariffs on European products and postpones 25% tariffs on Mexico and Canada until April 2

US President Donald Trump said on Wednesday that tariffs on European Union products will be 25% across the board.

"We will announce them very soon and they will be 25 percent, generally speaking, and they will apply to cars and everything else ," he said at his first cabinet meeting.

Trump said the planned 25% tariffs on imports from Mexico and Canada would go into effect on April 2 if the two countries demonstrate progress on the border by March 4, the date initially planned. "I'm not going to stop the tariffs, no. Millions of people have died from fentanyl coming across the border," he added.

Asked when these taxes would come into effect, he replied at the first cabinet meeting of his mandate: "On April 2." "For Mexico and Canada?" a journalist asked him. "Correct. And for everything."

Commerce Secretary Howard Lutnick said there is currently a "pause" until March 4 on tariffs planned for those two countries over fentanyl trafficking and immigration at the border and that if they demonstrate that they have done "an excellent job," another pause is possible.

"The big transaction as a whole is on April 2, but as far as fentanyl is concerned, they are working hard at the border. At the end of those 30 days, they have to prove to the president that they have satisfied him on that. If they have, there will be a pause," he said.

Trump added that he does not intend to stop the tariffs and recalled that although the planned date was April 1, April Fool's Day in the United States, he delayed it by a day because he is "a little superstitious."