US tariffs on Mexico, Canada delayed for 1 month

Products imported into the U.S. from Mexico and Canada under the U.S.-Mexico-Canada Agreement (USMCA) will not be subject to the 25% tariffs previously announced until at least April 2, U.S. President Donald Trump said on March 6.

“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay tariffs on anything that falls under the USMCA Agreement,” Trump wrote in a social media post Thursday morning. Several hours later, the White House announced the tariffs on Canadian goods would also be paused.