Trump Pauses Tariffs On Mexico, Canada

By Kayode Sanni-Arewa

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

President Trump and the leaders of Mexico and Canada struck last-minute deals yesterday to postpone by 30 days the imposition of punitive tariffs on goods exported to the U.S.

A 10 percent tariff on Chinese goods took effect just after midnight in the U.S.

Advertisement

The frenzy of last-minute maneuvering demonstrated Trump’s willingness to use tariffs as a source of leverage against the most important U.S. trading partners, in what he called an effort to curb drug smuggling and illegal immigration.

Imports from Mexico, Canada and China account for more than a third of the products brought into the U.S. each year.

China was still preparing its response to the tariffs yesterday.

Trump’s aggressive “America First” foreign policy holds both promise and peril for Beijing, as it seeks to strengthen ties with alienated U.S. allies. Tariffs “will definitely happen with the E.U.,” Trump told the BBC on Sunday, and they are coming “pretty soon.” He doubled down on the threat yesterday, complaining about deficits in auto and farm products.

Add a Comment

Leave a Reply

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement