President Donald Trump has announced a temporary pause on tariffs for a month on imports from Mexico and Canada, exempting significant portions under the US-Mexico-Canada trade agreement (USMCA). This decision was made after negotiations with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau. The tariffs, initially set to take effect in early February, were delayed due to discussions but now are partially on hold until April 2. During this period, Trump has warned of possible reciprocal tariffs for all US trading partners.
About half of Mexico's exports to the US, and a little more than a third of Canada's, will be exempt for a month.
Trump signed orders temporarily exempting goods from Mexico and Canada that are covered by the US-Mexico-Canada trade agreement (USMCA) from the 25 percent tariffs.
The tariff pause announced on Thursday will remain until April 2, Trump announced, which will include reciprocal tariffs on all US trading partners.
Earlier, he had imposed 25 percent tariffs on almost all imports from both countries.
Collection
[
|
...
]