Trump Suspends Tariff Increases on Certain Imports from Mexico
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Synopsis
On March 6, President Trump announced a pause on tariff hikes for Mexican imports after speaking with President Sheinbaum. This decision reflects ongoing cooperation to address border issues and drug trafficking.
Key Takeaways
- Trump halts new tariff hikes on Mexican imports.
- Agreement valid until April 2nd under USMCA.
- Stronger US-Mexico relations emphasized.
- Reciprocal tariffs may be introduced for other countries.
- Canada's Prime Minister criticized for inaction.
Washington, March 6 (NationPress) President Donald Trump announced on Thursday that he is temporarily halting new tariff increases on imports from Mexico following a conversation with President Claudia Sheinbaum.
On Wednesday, he had initiated a pause on the increases concerning automobiles.
“After discussing with President Claudia Sheinbaum of Mexico, I have decided that Mexico will not need to pay Tariffs on any items that are covered by the USMCA Agreement,” Trump stated on Truth Social. “This Agreement is valid until April 2nd.”
He elaborated: “I made this decision as a gesture of goodwill and respect for President Sheinbaum. Our relationship has been excellent, and we are collaborating diligently on border issues, specifically regarding the prevention of Illegal Aliens entering the United States and combating Fentanyl trafficking. Thank you, President Sheinbaum, for your dedication and cooperation!”
These adjustments followed shortly after the US imposed a 25 percent tariff increase on all imports from Canada and Mexico, citing their inability to curb the influx of illegal migrants and fentanyl into the US, alongside a separate 20 percent increase on goods from China for similar reasons.
Trump had a phone discussion with Canada’s Prime Minister Justin Trudeau on Wednesday but did not announce any significant relief, instead criticizing Canada for not doing enough. He continued to refer to the prime minister as “governor,” a term he has used to hint at the possibility of Canada becoming the 51st state of the US.
Recent reports indicated that Trump might announce exemptions for Canada later in the day.
Trump has indicated a potential rollout of a reciprocal tariff system on April 2, which would see the US imposing tariffs on imports from partner countries that mirror the rates imposed on American goods. He has frequently cited India as one of the countries targeted.
