Former President Donald Trump signed an executive action on March 6 to delay tariffs on imports from Mexico and Canada until April 2, modifying the original implementation date of March 4. The exemptions apply to products covered under the US-Mexico-Canada Agreement (USMCA), following discussions with Mexican President Claudia Sheinbaum. The revised tariff policy includes a reduction in duties on Canadian potash to 10% instead of 25%, though tariffs on poultry remain. Additionally, Trump postponed tariffs on North American automobiles and auto parts. The Meat Institute welcomed the exemption of meat, poultry, and live animal imports, emphasizing the significance of trade with Canada and Mexico for the U.S. economy.
Trump Delays Tariffs on Mexico and Canada, Exempts Meat and Auto Imports
KoehlerC2025-03-08T23:28:50+01:00March 7th, 2025|Categories: European, Market info, Mexico, US|Tags: auto industry tariffs, Canada import tariffs, meat import exemptions, Mexico trade policy, North American trade, potash tariff reduction, poultry trade regulations, Trump tariffs, US economy, USMCA trade deal|