Trump delays tariffs for goods under Mexico, Canada trade deal

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Trump delays tariffs for goods under Mexico, Canada trade deal

//automotive-transportation.news-articles.net/co .. fs-for-goods-under-mexico-canada-trade-deal.html

Published in Automotive and Transportation on Thursday, March 6th 2025 at 23:21 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

President Donald Trump suspended on Thursday the 25% tariffs he imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed financial markets and fanned worries over inflation and a growth slowdown.

2025-03-06 210 x 110 / 7466 Bytes

The article from Reuters discusses a statement by Howard Lutnick, CEO of Cantor Fitzgerald, who indicated that the U.S. is likely to extend a tariff reprieve for all goods compliant with the United States-Mexico-Canada Agreement (USMCA). This extension would continue the suspension of tariffs on these goods, which was initially set to expire. Lutnick's comments were made during a financial conference, suggesting that the U.S. administration sees value in maintaining trade stability with its North American partners. This decision comes amidst ongoing trade tensions and negotiations, aiming to support economic recovery and stability in the region by ensuring that businesses can continue to operate under predictable trade conditions.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/tariff-reprieve-likely-be-extended-all-usmca-compliant-goods-lutnick-says-2025-03-06/ ]