Trump Suspends Tariffs on Mexico for a Month
Goods trading under the rules of the North American trade pact, or the vast majority of products, would be exempt from tariffs, the president said. The levies have caused stock markets to sink.
It Is Happening Every Day, Every Where
Goods trading under the rules of the North American trade pact, or the vast majority of products, would be exempt from tariffs, the president said. The levies have caused stock markets to sink.
Trump’s commerce secretary suggested a compromise might be reached to reduce the 25 percent tariff, following a day of turmoil in the stock markets.
President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs went into effect anyway.
President Trump has offered a confusing mix of reasons for upending global trade relations, leaving America’s biggest trading partners baffled and angry.
Prime Minister Justin Trudeau of Canada warned that the Trump administration’s tariffs were leading to a trade war. Mexico’s leader vowed to impose countermeasures on Sunday.
The dispute focuses on whether Mexico can hold U.S. manufacturers liable for gun violence and comes amid rising tensions between the countries.
The decision was said to be a signal that President Claudia Sheinbaum of Mexico planned to cooperate with the Trump administration in cracking down on the cartels.
A Mexican delegation will meet in Washington on Thursday to finalize a security deal, as White House officials debate a strategy for fighting cartels and stemming the flow of drugs across the border.
The covert program, begun during the Biden administration and stepped up by President Trump, is hunting for the location of fentanyl labs.
Trump also renamed Denali, North America’s tallest peak, as Mount McKinley, despite objections from Alaska’s senators.