KEY TAKEAWAYS
- President Donald Trump is delaying tariffs on goods from Mexico and Canada that comply with the USMCA trade deal for a month, the latest move in the White House's back-and-forth trade policy.
- He said in a post on his Truth Social platform that the exemption will last until April 2.
- Trump is also considering exempting some agricultural products from the tariffs imposed on Canada and Mexico, according to Agriculture Secretary Brooke Rollins.
- The back-and-forth on trade policy has generated uncertainty in the economy.
President Donald Trump is delaying tariffs on goods from Mexico and Canada that comply with the USMCA trade deal, the latest move in the White House's back-and-forth trade policy.
The USMCA is the free-trade deal between the U.S., Mexico and Canada that succeeded the 澳洲幸运5开奖号码历史查询:North Ameri൩can Free Trade Agreement (NAꦑFTA) and was signed in 2018 under the first Trump administration. The reprieve would cover agricultural products and automobiles, among other g🐟oods.
"While the situations at our Northern and Southern borders continue to require appropriate action from the Governments of Canada and Mexico, our American automotive industry, which provides American jobs, should not suffer significant disruption just because of the structure of its supply chain," the White House said in a press release.
In a post on Truth Social, Trump said the reprieve on Mexico would last until April 2.
The pullback on import tariffs comes just a couple of days after Trump 澳洲幸运5开奖号码历史查询:imposed heavy tariffs against Mexico, Canada and China. On Wednesday, the White House rolled back some of those sweeping tariffs, granting automakers and auto parts makers a 澳洲幸运5开奖号码历史查询:one-month exemption from new tariffs on Canada and Mexico.
The about-face actions by the administration have 澳洲幸运5开奖号码历史查询:fueled economic uncertainty and 澳洲幸运5开奖号码历史查询:unsettled markets.
Update, March 7, 2025: This article has been updated to include a reprieve on Canadian goods.