desk
Share
In a surprising policy shift, former U.S. President Donald Trump has decided to temporarily exempt Mexico and Canada from his trade tariffs, providing much-needed relief to businesses in both countries. The decision, which comes after months of escalating trade tensions, allows Mexico and Canada to continue exports without additional duties until April 2.
This move marks a significant softening of Trump’s hardline stance on tariffs and could indicate a broader shift in U.S. trade policy. But what led to this decision? And what happens after the April 2 deadline?
Trump’s Original Tariff Policy: A Recap
Trump’s administration initially imposed high tariffs on steel, aluminum, and other imports from Mexico and Canada, citing concerns about unfair trade practices and protecting American industries.
- Trump believed Mexico and Canada had unfair trade advantages.
- The goal was to boost U.S. manufacturing and reduce trade deficits.
- Tariffs were used as leverage to push for better trade agreements.
