By Ana Swanson
President Trump said on Thursday that he would allow both Mexico and Canada to avoid tariffs on most exports to the United States for one month, saying he would exempt products that are traded under the rules of the U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term.
The move came a day after he granted a 30-day reprieve to automakers, who had complained to the president that his sweeping 25 percent tariffs would cause severe damage to U.S. carmakers.
Mr. Trump has played an intense game of brinkmanship with the North American economy this week, as he levied stiff tariffs on Canada and Mexico, before gradually rolling some of them back. The approach has sent stock markets tumbling and sowed anxiety and confusion among industries that depend on trade with Canada and Mexico, which account for more than a quarter of U.S. imports and nearly a third of U.S. exports.
On Thursday, Mr. Trump signed executive orders authorizing the pause.
Tariffs in Trump’s second term in office
As of March 6
| STATUS | COUNTRY | DESCRIPTION |
|---|---|---|
| In effect Feb. 4 | China | 10% on all imports › |
| In effect March 4 | Mexico | 25% on all imports › |
| In effect March 4 | Canada | 25% on most imports, lower rate for energy › |
| In effect March 4 | China | Additional 10% on all imports › |
| Paused March 6 | Canada and Mexico | One month delay on goods that fall under the USMCA trade pact › |
| Planned March 12 | World | 25% on aluminum and steel › |
| Planned April 2 | World | Unspecified tariff on all agricultural products |
| Planned April 2 | World | Unspecified tariff on all foreign cars › |
Mr. Trump had announced his decision regarding Mexico earlier in the day in a post on Truth Social. But he had not made a similar announcement about Canada, leaving investors, economists and Canadians wondering whether America’s Northern neighbor would still face the levies.
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