US President Donald Trump announced Thursday that the 25 percent tariff on most goods imported from Mexico has been postponed for a month. This decision was taken after talks with the Mexican president. At the same time, Canada will also not have to pay tariffs on some goods until April 2 (US Tariff on Canada and Mexico). Both countries have been given this exemption for those goods that come under the United States-Mexico-Canada Agreement (USMCA).
President Trump signed papers on Thursday that will postpone all tariffs on Mexico and Canada for about a month, which come under the USMCA free trade agreement.
America can cut tariffs: Lutnick.
US Commerce Secretary Howard Lutnick had already indicated that the President could cut some tariffs. Lutnick had said that the President could reduce some of the 25 percent tariffs imposed on Canada and Mexico as early as March 5.
Lutnick stressed that reciprocal tariffs, in which the US imposes import taxes on countries that impose tariffs on US exports, will come into effect from April 2. Immediately after Lutnick's statement, there was some stability in the US markets.
Trump's decisions caused a stir in the financial market.
This is the second time Trump has delayed the imposition of additional tariffs on imports by a month after announcing them in early February.
Trump said on Truth Social - "We are working hard together to stop illegal immigrants from entering the US at the border and to stop fentanyl." However, Trump's threats of frequently changing tariffs have shaken the financial markets and reduced consumer confidence. Also puts many businesses in an uncertain environment. This may delay recruitment and investment."
Trudeau hinted that there will be a trade war with America in the future.
On Thursday, Canadian Prime Minister Justin Trudeau hinted that he fears that his country will have a trade war with America in the future.
Trudeau described the Trump administration's move to suspend tariffs for a month as a "ray of hope", but also said that this means that the tariffs are still in place and so our response will also continue. He reiterated that until the unfair American tariffs on Canadian goods are removed, we will not back down from our retaliatory tariffs.
The US has imposed a 25 percent tariff on goods imported from Canada and Mexico since Tuesday (March 4). At the same time, the US has announced to impose a 20 percent tariff on Chinese goods. In return, all three countries have announced to take retaliatory action against the US.
Coronavirus: First death due to corona in Delhi; More than 2500 active cases across the country, seven people died.
There is an increase in corona cases across the country. According to the Ministry of Health, the number of active cases of corona in the country has crossed 2500. The Union Health Ministry has said
Waqf Bill in Rajya Sabha: The real test of the government in Rajya Sabha, is knowing how every vote will be important for NDA and the opposition
The central government passed the Waqf Amendment Bill in the Lok Sabha on Wednesday. The government got tremendous support from all the constituent parties of the NDA and 288 MPs voted in favor of the
IND vs PAK: India's record against Pakistan in finals is poor, having been unsuccessful for 18 years.
The final match of the Asia Cup 2025 between India and Pakistan will be played in Dubai on Sunday. This will be the third time the two teams have faced each other in the current tournament.
EC hits back at Rahul Gandhi's fresh allegations that 'votes cannot be deleted online'
Congress leader and Leader of the Opposition in the Lok Sabha, Rahul Gandhi, has once again raised the issue of alleged vote theft. He stated that Aland, a constituency in Karnataka, attempted to
Prez Mahama Conferred PM Modi: PM Modi received the country's highest honor in Ghana; President Mahama honored him
PM Modi, who was on a tour of African countries, was honored with 'The Officer of the Order of the Star of Ghana' in Ghana. During a program in Accra, the country's President Mahama honored PM Modi.
Narendra Modi: Farmers, common man, and middle class will get direct benefit from the changes in GST: PM Modi
The central government has taken a big decision on GST rates while taking forward the economic reforms. Under this, now there will be only two rates of GST, five and 12 percent. The GST Council has
SIR Row: Voter list released for all 293 assembly constituencies except one in Bengal, commission's move amid controversy
The Election Commission has released the 2002 voter list of 293 assembly constituencies of 24 districts of West Bengal amid the SIR controversy. Only the list of one constituency, Kulpi of South 24
Air India Tragedy: After the accident, rescue workers recovered 70 tolas of gold jewelry and Rs 50,000 cash from the debris; handed them over to the police
After the Ahmedabad plane crash, a huge amount of gold jewelry, and cash was also found during the recovery of bodies and other items from the debris. Let us tell you that Rajesh Patel is among the
Mayday, Mayday... Who did the pilot call before the Ahmedabad plane crash?
Air India's plane AI-171 has crashed in Ahmedabad, Gujarat. There were 242 passengers on board this plane, including Vijay Rupani. This plane was flying to London when this accident happened.
Trump Zelenskyy Row: America took a big step after the debate with Zelensky, and stopped military aid to Ukraine
The US has taken a big step after Ukrainian President Volodymyr Zelensky's debate with US President Donald Trump in the Oval Office of the White House last week. The US has halted military aid to
