Trump postpones tariffs on Canada and Mexico for a month
2025-03-07 13:37:43
TiranaPost
US President Donald Trump has signed an executive order to postpone 25% tariffs on imports from Mexico and some products from Canada for a month, to avoid a potential escalation of trade tensions in North America.
The White House said the tariffs are intended to curb fentanyl smuggling and illegal migration into the US, but the move has shaken up trade relations that have worked for decades through the USMCA (United States-Mexico-Canada Agreement).
Trump has said the “reciprocal” tariffs will take effect on April 2, but for a month, imports that comply with the USMCA rules will be exempt from the 25% tariff.
Trump stood by his decision, saying the move was not related to the stock market crash. “In the long run, America will be stronger. These tariffs are to protect our economy from exploitation by foreign companies,” he said.
A White House official warned that 62% of Canadian imports and about 50% of Mexican ones are likely to face tariffs once the one-month period ends.
This move has raised concerns about economic stability and the future of trade cooperation between these neighboring countries, making the next month crucial for trade relations in the region.
