(Reuters) - U.S. President Donald Trump on Thursday said Mexico won't be required to pay tariffs on any goods that fall under the United States-Mexico-Canada Agreement on trade until April 2.
President Donald Trump announced a temporary delay in imposing 25% tariffs on a wide range of imports from Canada and Mexico that qualify under the United States-Mexico-Canada Agreement (USMCA). The delay,
Amid a punishing trade war, Canada's former top trade negotiator wants to salvage a deal Donald Trump used to call the best one ever signed.
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March 6, President Trump signed two Executive Orders significantly curtailing the scope of the emergency tariffs he imposed on Tuesday, March 4, impacting U.S. imports from Canada and Mexico. Effective today,
Imports from Mexico and Canada that are compliant with the trade deal will not be subject to tariffs until April 2. FMI praised the move.
"The vast majority of Canadian exports to the United States are, or can quickly be, USMCA compliant," Finance Minister Dominic LeBlanc told Canadian Broadcasting Corp. Canadian exporters that used the most-favored nation route had decided that paying a 2.5% duty was worth the cost of not filing the necessary documents, he said.