US EditionCommerce Secretary Lutnick Says Most Tariffs on Canada, Mexico Likely to Be Delayed a Month
- Commerce Secretary Howard Lutnick said that President Donald Trump is likely to delay imposing a 25% tariff on Canada and Mexico for all goods and services covered under the USMCA trade agreement until April 2.
- Lutnick stated that USMCA-compliant goods and services will likely be exempt from the tariffs, noting that it is likely to cover all USMCA-compliant goods and services.
- In response to the tariffs, Canada launched retaliatory tariffs on U.S. goods, intensifying tensions between the two countries, with Trudeau suggesting that Trump is using tariffs for political gain.
- Trump indicated that the tariffs relate to efforts against illegal immigration and drug smuggling, reiterating that vast amounts of fentanyl are entering the United States from Canada and Mexico.
97 Articles
97 Articles
By Uriel Blanco and Rocío Muñoz-Ledo, CNN en Español The United States government on Thursday suspended the general 25% tariffs for Mexico and Canada on all products included in the T-MEC until April 2, when the Donald Trump administration will determine reciprocal tariffs for several countries around the world. After the suspension, Mexican President Claudia Sheinbaum assured that “practically all trade” between Mexico and the US is within the …
Trump Postpones Tariffs on Mexican Imports for One Month
(NAFB.com) – President Trump reversed course and postponed 25 percent tariffs on Mexican goods amid widespread concerns about the impact a broader trade war will have on the U.S. economy. The Associated Press says the announcement was made shortly after Commerce Secretary Howard Lutnick had said tariffs on both Canada and Mexico would likely be delayed. Despite the Secretary’s announcement, no change was reported on the status of tariffs on Cana…
Prices are 'going to rise' and 'robots' will be doing factory jobs: Trump Cabinet official
One of the chief economic officials in President Donald Trump's administration recently admitted that prices for imported goods subjected to Trump's tariffs will indeed go up, and that the administration is in support of automating more factory jobs.During a Thursday interview with CNBC host David Faber, Commerce Secretary Howard Lutnick was noticeably up-front when asked whether consumers would see higher sticker prices on store shelves. Faber …
Inside U.S. Trade - 03/07/2025
All goods under USMCA receive one-month tariff reprieve Trade deficit hit an all-time monthly high in JanuaryAnalysts: Overhauling tariff schedules in search of ‘reciprocity’ a major undertakingCanada formally challenges U.S. tariffs at the WTO, seeks expedited talksVietnam's trade minister expected to meet with USTR Greer next weekRep. Beyer: New tariffs will cost U.S. families up to $2,000 per yearGrassley calls on former ag negotiator to pro…
Trump suspends tariffs on Canada and Mexico for a month
President Donald Trump said Thursday that he would allow Mexico and Canada to avoid tariffs on most exports to the United States for one month, saying he would exempt products that are traded under the rules of the U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term.
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