North American Trade Partners Granted One-Month Relief Amid Market Uncertainty
WASHINGTON – BUSINESS NEWS – U.S. President Donald Trump has temporarily exempted goods from Canada and Mexico from the newly imposed 25% tariffs, granting a one-month reprieve under the North American trade pact. The exemption, set to expire on April 2, marks the latest shift in a rapidly evolving trade policy that has unsettled financial markets and business leaders.
Canada Included in Last-Minute Amendment
Initially, Trump had only signaled an extension for Mexico, but an amended tariffs order—issued just days after the original announcement—now includes Canada as well. The move offers temporary relief to the two largest U.S. trading partners but leaves uncertainty about the future of cross-border trade once the exemption expires.
Commerce Secretary Expected the Move
U.S. Commerce Secretary Howard Lutnick had earlier predicted that Trump would grant a temporary exemption for most imports from Canada and Mexico. However, it remains unclear whether further extensions or permanent exemptions will follow after April 2.
With trade tensions running high, businesses and policymakers in North America will closely watch for the next developments in U.S. tariff policy.
