• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Trump to put tariff exemptions on certain goods from Canada, Mexico

by March 7, 2025
written by March 7, 2025

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. 

On Tuesday, Trump imposed the 25% tariffs on the United States’ largest trading partners. 

‘If you are the administration and are trying to achieve — the outcomes they are trying to achieve, refused fentanyl, lower border crossings — these are a tool in the arsenal,’ Dan Greenhouse of Solus Alternative Asset Management told Fox News Thursday. 

Doug Holtz-Eakin, the president of the American Action Forum, didn’t agree. 

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.’

Holtz-Eakin said it would add to inflation and slow economic growth.

‘Those are not things that the American people want,’ he said.  

Canada said earlier this week it will issue 25% retaliatory tariffs. 

A Canadian source told Reuters the country wouldn’t respond until it had seen the entirety of Trump’s amended tariff order. 

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. 

‘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. 

Trump has also imposed a 20% tariff on all Chinese goods. 

Trump had mentioned an exemption for Mexico earlier Thursday, but the new amendment also covers Canada. 

‘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.

‘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 from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!’ 

Reuters contributed to this report. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working
next post
Moderates reveal why they didn’t join fellow Dems to censure Al Green

related articles

Trump denounces court’s ‘political’ tariff decision, calls on...

May 30, 2025

President Trump teases ‘last day, but not really’...

May 30, 2025

State Dept says DOGE’s changes will be permanent...

May 30, 2025

Jill Biden should have to answer for ‘cover...

May 29, 2025

DOGE staffing shakeup as Elon Musk hangs up...

May 29, 2025

Hawley urges DOJ probe of Chinese trucking company

May 29, 2025

Less than half of DOGE-terminated contracts can be...

May 29, 2025

Flashback: Top five wildest moments from Elon Musk’s...

May 29, 2025

Sen Ron Johnson suggests he may not run...

May 29, 2025

Justice Department tells American Bar Association it will...

May 29, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Biden concludes foreign diplomacy in region where US influence overshadowed by China

    November 15, 2024
  • Hegseth reveals what happened during pivotal confirmation meeting with Ernst

    December 10, 2024
  • When Biden-Harris abandoned American hostages, they desecrated the power of the blue passport

    October 13, 2024
  • Elon Musk’s X Leaves Iconic SF Headquarters

    August 7, 2024
  • House leaders move quickly to consolidate power in show of confidence for Republican takeover

    November 7, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,723)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Here’s the speech Biden should have given to a troubled United Nations

    October 3, 2024
  • ‘China is our enemy’: GOP lawmaker shoots down Chinese spy balloon in new ad

    October 16, 2024
  • European stocks gain on auto tariff hopes, but LVMH slump clouds outlook

    April 15, 2025

Recent Posts

  • Medicaid becomes flashpoint in House debate over Trump budget bill

    February 19, 2025
  • House Dem fumes over Musk’s DOGE crackdown during fiery interview: ‘I’m pissed’

    February 14, 2025
  • 10 places where Tesla vehicles, dealerships were attacked this year

    March 20, 2025

Editor’s Pick

  • Pro-lifers pounce on Fetterman for opposing ‘Born-Alive Abortion Survivors Protection Act’: ‘Infanticide’

    January 23, 2025
  • Hugo Boss sells Russian business to Stockmann, exits market over Ukraine invasion

    August 5, 2024
  • Cruz says UN draft resolution against Israel is aimed at undermining incoming Trump admin, GOP Congress

    November 19, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock