President Donald Trump on Thursday paused tariffs on Mexican and Canadian goods that comply with the U.S.-Mexico-Canada Agreement (USMCA), granting a reprieve to America’s two largest trading partners.
Trump signed an order modifying the tariffs he put in place earlier in the week, which placed a 25 percent duty on imports from both countries. Under the revised policy, goods that comply with the USMCA will be exempt from the tariffs, a move designed to incentivize North American production while ensuring compliance with trade commitments.
The exemption is set to last until April 2, when the administration is scheduled to announce a plan for sweeping, worldwide reciprocal tariffs on countries that impose tariffs and non-tariff barriers on U.S. goods.
The move to modify the
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