Washington, March 7 (RHC)-- U.S. President Donald Trump announced Thursday he was exempting his 25% tariffs for Mexican and Canadian goods that come under the U.S.-Mexico-Canada Agreement, a trade pact that he signed in his first term to replace NAFTA.
The exemption is in place until April 2nd, for now, and comes after Trump spoke with Mexican President Claudia Sheinbaum. According to the White House, some 50% of Mexican imports and 38% of Canadian imports are part of this trade deal.
Trump’s tariffs first went into effect on Tuesday, including an additional 10% tariff on Chinese goods, causing markets to tumble.
[ SOURCE: DEMOCRACY NOW ]
