President Trump’s new tariffs are already on hold. The Trump administration announced a delay of nearly one month for products coming out of Mexico. This is a stark contrast to plans originally introduced by the president.
According to CNN, Commerce Secretary Howard Lutnick has signaled the same delay for Canada and their products, but negotiations are currently underway.
“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement,” Trump shared on Truth social.
The USMCA is a trade alignment between the North American countries of United States, Canada, and Mexico, enacted during Trump’s first presidency, with the hope of making the negotiations between the nations as free.
Trump “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.”