Reported about 9 hours ago
President Donald Trump has postponed the implementation of 25% tariffs on Mexican and Canadian goods covered by the USMCA trade agreement, offering significant relief to both countries. The delay, set until April 2, follows negotiations aimed at improving cooperation on immigration and drug trafficking. Trump emphasized that automobile manufacturers would see only temporary relief and warned against further requests for extensions. This decision marks a notable shift from Trump’s earlier announcement of significant tariff increases, which faced backlash from the market and Republican officials.
Source: YAHOO