Trump Delays Tariffs on Many Products from Mexico but Still Attacks Canada

• Donald Trump pulled back from his trade war with Mexico on Thursday, March 6, temporarily delaying tariffs on many goods from the country once again, but he continued to attack Canada.
• Two days after imposing sweeping tariffs on all imports from his country’s closest trading partners, the US president announced that duties on a wide range of products from Mexico would be shelved until April.
• Trump has already softened the attack on Canada and Mexico, granting carmakers a one-month reprieve after they warned of widespread disruption.
• After a call with Claudia Sheinbaum, the Mexican president, Trump declared that “Mexico will not be required to pay Tariffs on anything” that falls under an existing trade deal between the US, Mexico and Canada known as USMCA. Tariffs are not paid by countries but by importers – in this case, US companies – who buy products from businesses in the targeted countries.
• “This Agreement is until April 2nd,” Trump wrote on his Truth Social platform on Thursday. “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, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl.”
• The abrupt reversal and reprieve for Mexico raised immediate questions about the future of the Trump administration’s tariffs on Canada. Trump pointedly attacked Justin Trudeau, his Canadian counterpart, shortly before announcing the temporary exemption for Mexican exports.

(Sources: Reuters)