• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Politics

Trump to put tariff exemptions on certain goods from Canada, Mexico

by March 7, 2025
March 7, 2025

President Trump on Thursday exempted most goods from Canada and Mexico covered under the U.S.-Mexico-Canada Agreement (USMCA) from his 25% tariffs for the next month.

The tariffs went into effect earlier this week and will now be reinstated April 2. 

On Tuesday, Trump imposed the 25% tariffs on the United States’ largest trading partners. 

‘If you are the administration and are trying to achieve — the outcomes they are trying to achieve, refused fentanyl, lower border crossings — these are a tool in the arsenal,’ Dan Greenhouse of Solus Alternative Asset Management told Fox News Thursday. 

Doug Holtz-Eakin, the president of the American Action Forum, didn’t agree. 

He told Fox News, ‘In the end, we’ve got taxes on American consumers and businesses. Those taxes are substantial. I think people underappreciate that this round taken at face value would be roughly four times larger than anything he did in his first presidency. The impacts would be substantial.’

Holtz-Eakin said it would add to inflation and slow economic growth.

‘Those are not things that the American people want,’ he said.  

Canada said earlier this week it will issue 25% retaliatory tariffs. 

A Canadian source told Reuters the country wouldn’t respond until it had seen the entirety of Trump’s amended tariff order. 

Trump announced the tariffs on his first day in office in January after declaring fentanyl deaths a national emergency. He said the drug makes its way from China to the U.S. via Mexican and Canadian imports. 

‘I can confirm that we will continue to be in a trade war that was launched by the United States for the foreseeable future,’ Canadian Prime Minister Justin Trudeau, who will step down Sunday, told reporters Thursday. 

Trump has also imposed a 20% tariff on all Chinese goods. 

Trump had mentioned an exemption for Mexico earlier Thursday, but the new amendment also covers Canada. 

‘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 Thursday before including Canada in the exemption.

‘This Agreement is until April 2nd. I did this as an accommodation, and out of respect for, President Sheinbaum. Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!’ 

Reuters contributed to this report. 

This post appeared first on FOX NEWS
previous post
Moderates reveal why they didn’t join fellow Dems to censure Al Green
next post
US judge orders Trump admin to pay portion of $2B in foreign aid by Monday

Related Posts

Trump earns bipartisan praise for decisive action against...

June 22, 2025

Trump launches precision strikes against Iran. Triumph or...

June 22, 2025

At UN Security Council, Israel’s ambassador slams Iranian...

June 22, 2025

‘Not constitutional’: Congress invokes new War Powers Resolution...

June 22, 2025

PHOTO GALLERY: Trump in Situation Room during Iran...

June 22, 2025

‘She’s wrong’: Trump says Tulsi Gabbard incorrect about...

June 21, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • Tesla agrees to first deal to build China’s largest grid-scale battery power plant

      June 22, 2025
    • The NASDAQ 100, On The Brink Of A Breakout, Needs Help From This Group

      June 22, 2025
    • Trump launches precision strikes against Iran. Triumph or trap?

      June 22, 2025
    • Trump earns bipartisan praise for decisive action against Iran’s nuclear program

      June 22, 2025
    • PHOTO GALLERY: Trump in Situation Room during Iran strikes

      June 22, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    USAID instructions for fired employees gives them 15...

    February 26, 2025

    White House reveals possible penalties on Putin amid...

    April 29, 2025

    Millions spent by Biden on COVID ‘vaccine hesitancy’...

    March 14, 2025