New tariffs against Canada and Mexico are expected to begin on March 1 but will include a process for the countries to seek specific exemptions for certain imports, three people familiar with the planning told Reuters.

The White House says President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, The White House on Friday provided no word on whether there would be any exemptions to the measures that could result in swift price increases to U.