On Wednesday, U.S. President Donald Trump announced a 90-day pause in fully implementing his sweeping new tariffs, offering a 10% universal rate for many countries while talks continue.
But Mexico and Canada aren’t getting a break. The White House confirmed that U.S. tariffs on imports from its two North American neighbours — outside the USMCA trade pact — will remain in place. A 25% levy still applies to non-USMCA goods, and energy and potash from both countries continue to face a 10% duty.
Trump said the delay was driven by requests from over 75 countries seeking to negotiate. But he also used the moment to sharply escalate duties on China, raising tariffs to 125%, citing Beijing’s “lack of respect for global markets.”
The pause gives breathing room to some allies — but for North America, the pressure remains.
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Morning Brief
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 1st, covering the latest developments you need to know.
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