Canada, Mexico and Tariffs
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There has been no change to the tariffs hitting Canada and Mexico on Wednesday, according to a U.S. Administration official.
From The Wall Street Journal
The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said.
From U.S. News & World Report
Stocks ripped higher and bond yields jumped Wednesday after the White House pulled back on its trade war.
From USA Today
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7don MSN
Automaker Stellantis is temporarily halting production at a plant in Canada and a plant in Mexico shortly after President Donald Trump announced a 25% tariff on imported vehicles.
General Motors Co. is facing higher costs and lower demand that may eat into the auto giant’s profits under the tariff program imposed by President Donald Trump, UBS analysts said Thursday.
President Trump abruptly paused most of his heavy tariffs on Wednesday, backing down on a policy that had sent markets into a tailspin. Note: Goods from Canada and Mexico that fall under the U.S.M ...
Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
During the 2024 campaign, Trump repeatedly claimed that the country from which an imported good is coming pays the cost of the tariffs and that Americans would not see any price increases from them. However, as economists and fact-checkers stressed, this is not always the case.
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Prime Minister Mark Carney announced that Canada will impose a 25% tariff on U.S. vehicle imports that do not meet the USMCA standards.
4don MSN
Mexico is celebrating having dodged the latest round of tariffs from the White House taking aim at dozens of U.S. trading partners around the world.
About 87% of the avocados being imported to the US come from Mexico. After Trump's Liberation Day orders, the popular fruit will still come tariff-free.