President Trump announced a one-month postponement of 25% tariffs on most goods from Mexico after discussions with the Mexican president. This marks the second such delay since February, intended to alleviate uncertainties affecting financial markets, consumer confidence, and business investment. Commerce Secretary Howard Lutnick indicated that reciprocal tariffs would still be enforced on April 2. Canadian Prime Minister Justin Trudeau expressed cautious optimism, noting that while the decision is a 'promising sign,' the tariffs remain and Ontario's response will continue accordingly.
"We are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl," Trump said on Truth Social.
Lutnick emphasized that reciprocal tariffs, in which the United States applies import taxes on countries that tariff U.S. exports, will still be implemented April 2.
The Canadian leader said the move by the Trump administration was a 'promising sign,' but it also 'means that the tariffs remain in place and therefore our response will remain in place.'
Trump's on-again, off-again tariffs threats have roiled financial markets, lowered consumer confidence, and enveloped many businesses in an uncertain atmosphere that could delay hiring and investment.
Collection
[
|
...
]