Trump Delays Tariffs on Canadian and Mexican Goods Until April 2
President Trump postpones 25% tariffs on goods from Canada and Mexico, exempting USMCA-compliant imports until early April amid economic concerns.
TARIFFS COULD PLAY A SIGNIFICANT ROLE IN AN ALREADY SHAKY HOUSING MARKET
Trump to put tariff exemptions on certain goods from Canada, Mexico
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The US trade deficit surged 34% in January from the month before, reaching $131.4 billion as import growth outpaced exports, according to the data.
Treasury’s Scott Bessent says ‘access to cheap goods’ is not the ‘American dream’
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Trump’s tariff plans have also caused the stock market to sink and alarmed U.S. consumers.
Trump changes course and delays some tariffs on Mexico and Canada
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The move to modify the tariffs was first unveiled by Commerce Secretary Howard Lutnick in an interview with Fox Business’ Larry Kudlow.
Trump Pauses Tariffs on Mexico and Canada Goods Covered By USMCA
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The Trump administration aims to analyze economic policies with allies and adversaries alike to recoup on what the administration considers unfair agreements and boost domestic production.
Bessent defends Trump tariffs: American dream doesn’t mean access to ‘cheap goods’
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The decision came shortly after Commerce Secretary Howard Lutnick said Trump was weighing an exemption for both Mexican and Canadian goods under the agreement, saying he expected Trump to officially decide the scope of the delay on Thursday.
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The exemption will apply to goods previously covered under the U.S.-Mexico-Canada Agreement, reducing taxes on goods flowing between the three North American trading partners.
US changes course, pauses tariffs for all USMCA goods until April 2
Straight Arrow News·3d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Trump's newest pause dovetails with the White House's efforts to calm markets.
3 days in, Trump is backtracking on his tariffs on Mexico and Canada
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Ottawa plans a further $125 billion (US$87 billion) in tariffs in three weeks on American products like electric vehicles, fruits and vegetables, diary, beef, pork, electronics, steel and trucks.
Canada's Tariffs to Remain Despite Trump Postponing Tariffs on Many Imports From Canada for a Month
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Summary
President Donald Trump announced a delay in the implementation of 25% tariffs on imports from Canada and Mexico, extending exemptions for USMCA-compliant goods until April 2. The decision reflects ongoing discussions with trade partners amidst economic anxiety. Initially imposed earlier in the week, these tariffs have led to significant market fluctuations and concerns around job losses. Trump cited cooperation in drug trafficking prevention and trade balance as reasons for the exemptions. Canada and Mexico's responses and future trade relations remain uncertain as the deadline approaches.
Perspectives
President Trump has postponed the implementation of 25% tariffs on certain imports from Canada and Mexico for a month, specifically those subject to the USMCA agreement.
The delay in tariffs is viewed as a measure to ease market volatility and encourage cooperation from Mexico and Canada on border security and fentanyl trafficking, as Trump emphasized progress made by both countries in this area.
Economists warn that these tariffs could lead to inflation and job losses, reflecting broader concerns about the impact of trade policies on the economy.