President Donald Trump has postponed 25% tariffs on many imports from Mexico and some from Canada for one month, easing concerns over a broader trade war.
Trump signed the orders in the Oval Office, confirming that most tariffs will take effect on April 2, while certain duties on Mexican and Canadian imports will be temporarily delayed.
“Most of the tariffs go on April the second,” Trump said 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.”
Under the orders, imports from Mexico that comply with the 2020 USMCA trade pact will avoid the 25% tariffs for a month. Canadian autos and auto parts that meet the agreement’s terms will also be exempt for the same period.
Meanwhile, potash from Canada—a key fertilizer for U.S. farmers—will be subject to a 10% tariff, the same rate planned for Canadian energy products.
The decision comes amid fears that the tariffs could disrupt supply chains and raise costs, as trade tensions between Washington and its neighbors remain high.
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