US tariffs: how Trump’s tax is hitting Big Tech and beyond
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The Trump tariffs on Mexico and Canada are mostly on hold.
The 25 percent tariffs Donald Trump announced for Canada and Mexico just a couple of days ago have been quickly pared back. First there was a 30-day exemption for automakers and now, as Bloomberg and the New York Times report, goods from either country covered by the USMCA trade agreement are also exempt, at least until April 2nd.
The suspension effectively abandons many of the tariffs that Mr. Trump had placed on Canadian and Mexican products — levies he said were necessary to stem the flow of drugs and migrants into the United States.
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