What did US get from deals to pause tariffs on Canada and Mexico? Not that much, observers say
Tuesday, 4 February 2025 () President Donald Trump’s threatened tariffs against Canada and Mexico risked blowing up North America’s economy. What did the United States get out of his deals to pause the import taxes against the two nations? Not all that much, according to people outside the administration looking at the agreements. The U.S. president has been openly pugnacious with America’s two largest trade partners. His orders to impose a 25% tariff on all imports from Mexico and on most imports from Canada created a sudden political and economic firestorm. By agreeing to the pause for Mexico and Canada, Trump has been able to declare victory in addressing illegal immigration and drug trafficking.
In a dramatic escalation of trade tensions, Canada imposes 25% retaliatory tariffs on U.S. goods in response to President Trump’s latest executive order. Trump had earlier signed a decree placing tariffs on imports from Canada, Mexico, and China, leading to swift retaliation from Canada. In this...
President Donald Trump has signed an executive order to create a U.S. sovereign wealth fund, a move that could reshape America's economic strategy. Trump suggested that the fund might play a role in..
Trump made good on his threat to slap tariffs on China, Mexico and Canada over the weekend. All imports from China now face a 10% duty. It’s 25% on imports from Mexico and Canada. Canadian oil,..
Tuesday, 4 February 2025 ()
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