Automotive and TransportationAutomotive and Transportation
Fri, March 7, 2025
[ Last Friday ] - HPPR
Far Quippier Than Hilarious
[ Last Friday ] - CounterPunch
Cyberpunk Nation
Thu, March 6, 2025

Trump delays tariffs for goods under Mexico, Canada trade deal


Published on 2025-03-06 23:21:34 - Reuters
  Print publication without navigation

  • 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.

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/ ]