{"id":35297,"date":"2025-03-07T00:01:07","date_gmt":"2025-03-07T00:01:07","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2025\/03\/07\/trump-to-put-tariff-exemptions-on-certain-goods-from-canada-mexico\/"},"modified":"2025-03-07T00:01:07","modified_gmt":"2025-03-07T00:01:07","slug":"trump-to-put-tariff-exemptions-on-certain-goods-from-canada-mexico","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2025\/03\/07\/trump-to-put-tariff-exemptions-on-certain-goods-from-canada-mexico\/","title":{"rendered":"Trump to put tariff exemptions on certain goods from Canada, Mexico"},"content":{"rendered":"

President Trump<\/a> 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.<\/p>\n

The tariffs went into effect <\/a>earlier this week and will now be reinstated April 2.\u00a0<\/p>\n

On Tuesday, Trump imposed the 25% tariffs on the United States’ largest trading partners.\u00a0<\/p>\n

TRUMP EXEMPTS MEXICO FROM TARIFFS FOR USMCA GOODS UNTIL APRIL 2<\/strong><\/a><\/p>\n

“If you are the administration and are trying to achieve \u2014 the outcomes they are trying to achieve, refused fentanyl, lower border crossings \u2014 these are a tool in the arsenal,” Dan Greenhouse of Solus Alternative Asset Management told Fox News Thursday.\u00a0<\/p>\n

Doug Holtz-Eakin, the president of the American Action Forum, didn’t agree.\u00a0<\/p>\n

TARIFFS COULD PLAY A SIGNIFICANT ROLE IN AN ALREADY SHAKY HOUSING MARKET\u00a0<\/strong><\/a><\/p>\n

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.”<\/p>\n

Holtz-Eakin said it would add to inflation and slow economic growth.<\/p>\n

“Those are not things that the American people want,” he said. \u00a0<\/p>\n

Canada said earlier this week it will issue 25% retaliatory tariffs.\u00a0<\/p>\n

A Canadian source told Reuters the country wouldn’t respond until it had seen the entirety of Trump’s amended tariff order.\u00a0<\/p>\n

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.\u00a0<\/p>\n

“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.\u00a0<\/p>\n

Trump has also imposed a 20% tariff on all Chinese goods.\u00a0<\/a><\/p>\n

CLICK HERE TO GET THE FOX NEWS APP<\/strong><\/a><\/p>\n

Trump had mentioned an exemption for Mexico earlier Thursday, but the new amendment also covers Canada.\u00a0<\/p>\n

“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.<\/p>\n

“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<\/u><\/a> from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!”\u00a0<\/p>\n

Reuters contributed to this report.\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

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.\u00a0 On Tuesday, Trump imposed the 25% tariffs on the United States’ largest trading partners.\u00a0 TRUMP … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35297","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/35297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=35297"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/35297\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=35297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=35297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=35297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}