US president paused tariffs on Mexican products covered by USMCA and later stayed tariffs on many Canadian imports

Summary

Trump temporarily delayed tariffs on many imports from Mexico and Canada, reversing his earlier decision to impose 25% duties.

Following talks with Mexico’s President Sheinbaum, he exempted USMCA-compliant Mexican goods, later extending the relief to Canada until April 2.

Despite market turmoil and business concerns over price hikes, Trump insisted the delay was unrelated to economic turbulence.

The move follows previous delays and exemptions for automakers. Critics warn his aggressive tariff strategy risks harming businesses and consumers while aiming to secure economic concessions from trade partners.

  • lemmy_user_838586@lemmy.worldEnglish
    5·
    3 days ago

    him and his friends are buying the stock market dips, it has nothing to do with anything other then him and his friends making more money, and maaaybe crashing the economy for Putin. He couldn’t care less if people buy local and large corporations feel pain. He’s gonna hand them enough tax breaks anyway, they’ll be fine.