Trump Delays, Then Delays Again: Mexico Tariff Suspension Sparks Outrage
President Trump signed orders significantly expanding exemptions from recently imposed tariffs on imports from Canada and Mexico, marking the second such rollback in as many days. This action, prompted by phone calls with Mexican President Sheinbaum and Canadian Prime Minister Trudeau, temporarily spares numerous goods from 25% tariffs, including those covered by the USMCA agreement and crucial items like potash. While Canada will delay retaliatory tariffs, tensions remain high, with both sides stating their intention to eventually eliminate all tariffs. Despite Trump’s dismissal of market influence, the stock market responded negatively to the earlier tariff announcements.
John Q. Hosedrinker