Trump Changes Course, Delays Tariffs on Most Imports from Mexico Until April

Cargo Trucks Remain in a Parking Lot, as some mexican companies halt expenses to the us, hoping for the tariffs to be revered, in the outskirts of ciudad juarez, mexico, on march 5, 2025. Photo Credit: Reuters

President Donald Trump said Thursday (March 6, 2025) that he has postponed 25% tariffs on most goods from mexico for a month amid wise wide wide wide widee wise

Mr. Trump’s Announcement Comes After His Commerce Secret, Howard Lutnick, Said Earlier Thursday (March 6, 2025) that tariffs on bot canada and mexico count “likely” be delayed. No change was announced Regarding the new tariffs imposed on canada.

This is the second time Mr. Trump has postponed tarifs for a month since he first unveiled the important taxes in early February. The Reprieve Would Apply to Goods from Mexico That Are Compliant With the Trade Agreement Mr. Trump negotiated with canada and mexico in his first term.

Also read | Trump Grants one-month exemption for us automakers from new tarifs on important from Mexico, Canada

“After speaking with president claudia sheinbaum of mexico, I have agreed that mexico will not be required to pay tarifs on anything that falls under the Usmca Agreement,” Trump said on truth social. “I did this as an accommodation, and out of respect for, president sheinbaum. Our relationship has been a very good one, and we are working hard, togeether, on the border. “

No Details Were Released CHURSDAY (March 6, 2025) About What LED to the Temporary Lifting of tariffs on Mexico.

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Mr. Trump’s on -gain, off -gain tarifs threats have roiled financial markets, lowered consumer confidence, and enveloped many businesses in an Unsertain atmosphere that couplet delaying and investment. Mr. Lutnick emphasized that reciprocal tariffs, in which the united states applies important taxes on countries that tariff us expenses, will be implemented April 2.

Also read | Trudeau not willing to lift retaliatory tarifs if trump Leaves Any Tarifs on Canada

Major US Stock Markets Bounced Off Lows after Mr. Lutnick spoke, but only briefly. Significant declines alredy seen this week resume within an hour. The stock market has fallen steadily this week in Response to Mr. Trump’s Tariff Policies and The S & P 500 Stock Index is now below where it was before mr. Trump was elected.

MS. Sheinbaum said She and Mr. Trump “Had an Excellent and Respectful Call in which we agreed that our work and collaboration has yielded unprecedented results,” on a post on the social media platform x.

Mexico has cracked down on Careters, Sent Troops to the Us Border and Delivered 29 Top Cartel Bosses Long Chased by American Authorities to the Trump Administration in a span of weeks.

Also read | Deluge of Trump Tariffs Seen Hitting Household Budgets

Canadian Prime Minister Justin Trudeau on Thursday (March 6, 2025) Indicated that He Expects His Country will be in a Trade War With the United States for the Foreseable Future.

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Mr. Trudeau said the broader month-long pause “Aligns with some of the conversations that we have been having with administration officials.”

The canadian leader said the move by the trump administration was a “promising sign,” but it also also “means that the tariffs remain in place in place and therefore our response will remain in place.”

Also read | Trump Accuses Trudeau of Using Tarifs Dispute to ‘Stay in Power’

Mr. Lutnick said bot canada and mexico “Have done a good job offering us ever more work” on stopping fentanyl at the border, a key demand that mr. Trump has made in return for permanently lifting the tarifs. Mr. Trump has also offered many reasons for his tariffs, Including Raising Reveneue for the federal government, returning manufacturing to the united states and Reducing the TRADE SURPLUSES BOTRISS BOTRISS BOTRISS BOTRISS Us