President Donald Trump has announced a one-month delay on the 25% tariffs targeting USMCA-compliant goods from Canada, following a previously announced extension for Mexico. This postponement, extending until April 2, 2025, offers temporary relief to North America’s largest trading partners.
Per CNBC:
Trump issued temporary tariff exemptions for a wide range of goods coming into the U.S. from Canada and Mexico, partially reversing the sweeping 25% duties he imposed on the two trading partners just days earlier. The exemptions will apply to goods that are compliant with the North American trade agreement known as the USMCA, a White House official told reporters earlier Thursday afternoon. The pause will last until April 2, the same day that Trump is poised to enact “reciprocal tariffs” on foreign nations that have import taxes on U.S. goods.
The fast-moving decision comes after carveouts were granted to the leaders of the Big Three U.S. automakers—Ford, General Motors and Stellantis—who raised concerns about the economic impact of the tariffs during a meeting with Trump. The delay is meant to give the automotive sector more time to adjust supply chains and operations, easing the transition before the tariffs take full effect. The tariffs are part of a broader strategy by the administration to address issues such as fentanyl trafficking and migration. In the meantime, ongoing discussions with Mexican and Canadian officials aim to find collaborative solutions to these challenges.U.S. pauses tariffs on some Canadian, Mexican imports until April 2 https://t.co/URSk5KpHFM
— CNBC (@CNBC) March 6, 2025
