US changes course, pauses tariffs for all USMCA goods until April 2

• President Donald Trump announced he will delay tariffs against Canada until April 2. The president had rolled back tariffs against Mexico earlier in the day.
• The exemption applies to goods covered under the U.S.-Mexico-Canada trade agreement.
• The tariffs initially went into effect on March 4 after delays.

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President Donald Trump reversed course on Thursday, March 6, delaying previously-imposed tariffs on some goods imported from both Canada and Mexico until April 2, according to a Reuters report. The president imposed tariffs on the two trading parters on Tuesday, March 4 after initial delays.

The exemption will apply to goods previously covered under the U.S.-Mexico-Canada Agreement, reducing taxes on goods flowing between the three North American trading partners.

On March 4, Trump imposed a 25% tariff on goods and 10% tariff on cars imported from Canada and Mexico.

What tariffs have been rolled back?

Those tariffs began to roll back one day later. On March 5, the president announced an exemption for automakers after speaking with leaders from Ford, General Motors and Stellantis, according to White House Press Secretary Karoline Leavitt.

Then, on March 6, Trump announced a month-long exemption for goods coming into the U.S. from Mexico. He called the move a “favor” to Mexican President Claudia Sheinbaum. Canada responded by pulling a number of U.S.-made products, including liquor, from stores.