President Trump aims to introduce new tariffs on foreign metals but has already softened other tariffs imposed on Canada and Mexico due to significant lobbying from automakers, farmers, and other industries. Initially, he enacted sweeping tariffs on all imports from the two nations, but by the end of the week, nearly 40% of imports were exempted under the U.S.-Mexico-Canada Agreement. Foreign and domestic industries are mobilizing to seek exemptions from upcoming tariffs on metals and automobiles, raising concerns about increased costs and market impacts.
President Trump is poised to implement new tariffs on foreign metals, while also reversing previously imposed tariffs on imports from Canada and Mexico after lobbying from various industries.
The administration has granted a reprieve for tariffs on products complying with the U.S.-Mexico-Canada Agreement, demonstrating a willingness to negotiate based on industry pressure.
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