Trump delays tariffs on some goods from Canada, Mexico for 1 month

Two days after launching a continental trade war, U.S. President Donald Trump on Thursday temporarily waived tariffs on some, but not all, products from Canada and Mexico - specifically those that fall under the North American free trade agreement.

Trump signed a new executive order giving some exemptions to Canada after originally saying Thursday that only Mexico would get a partial reprieve on sweeping tariffs until April 2.

Imports from Canada that comply with the Canada-United States-Mexico Agreement (CUSMA) — primarily auto components — will avoid the 25 per cent tariffs for a month. Potash, which U.S. farmers import from Canada for fertilizer, will be tariffed at a lower 10 per cent, the same rate at which Trump is tariffing Canadian energy products.

“Most of the tariffs go on April 2,” Trump told reporters at the White House before signing the orders. “And then we have some temporary ones and small ones, relatively small, although it’s a lot of money having to do with Mexico and Canada.”

The temporary pause does not include steel and aluminum goods, which will seemingly be placed under a separate set of tariffs scheduled to go into effect next week, according to the Republican leader.

For more info, please go to https://globalnews.ca/news/11069053/donald-trump-tariffs-mexico-exemption-cusma/

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