Trump delays auto tariffs on Mexico and Canada by one month
U.S. president talked to Canadian Prime Minister Justin Trudeau and blamed him for fentanyl trafficking
Donald Trump is wavering on trade policy. Just one day after imposing 25% tariffs on products from Mexico and Canada, he has announced a one-month moratorium on tariffs in the automotive sector. Commerce Secretary Howard Lutnick insisted that the United States was open to easing protectionist measures against its neighbors. Meanwhile, companies have warned of the significant disruptions that Trump’s erratic and unpredictable trade policy could pose to their industry and the broader U.S. economy.
