President Trump has postponed 25 percent tariffs on most goods from Mexico for a month.
The announcement comes after Howard Lutnick, his Commerce Secretary, said tariffs on both Mexico and Canada would likely be delayed, according to AP News. It also marks the second one-month postponement the President has announced since early February when it unveiled the import taxes.
Lutnik stated that the reciprocal tariffs will still be implemented on April 2nd.
Story via Christopher Rugaber with AP News
Related Stories
Supporters say mandatory country-of-origin labeling would improve transparency, while analysts say the proposal still faces hurdles.
According to the Minneapolis Fed, the U.S. economy has remained resilient as prices continue rising.
Nearshoring and supply chain transparency are reshaping sourcing decisions for apparel brands.
The Farm Bureau is encouraging officials to strengthen the USMCA agreement while ensuring U.S. producers continue to have reliable access to key North American markets.
Shaun Haney provides an update as U.S.-Canada trade talks continue ahead of an August 19 deadline, with leaders negotiating tariffs, metals trade, and potential impacts on agriculture.
Federal and state officials emphasize that surveillance, sterile fly releases, and cooperation with Mexico are vital to stop New World screwworm in the U.S.
