President Trump delays tariffs on most goods from Mexico for a month

Mexican flag 1280x720.jpg

Market Day Report

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

LATEST STORIES BY THIS AUTHOR:

Even in this strong market, some beef producers are leaving money on the table by not following proven marketing practices.
New U.S. fees on Chinese-owned and built ships took effect overnight, marking the latest escalation in maritime trade tensions between Washington and Beijing.
President Trump is expected to press Argentina to take a tougher stance on China in exchange for political and economic support.
Tammi Arender takes us to 3 Board Farm to meet some first-generation farmers who took a leap of faith and, in the process, found a new purpose.
Nick Andersen, Nationwide’s VP of Agribusiness Claims, shares tips for managing weather-related risks in agriculture using their new Hail and Wind Alert Program.
Lewie Pugh, EVP of OOIDA, discusses how lowering the age for commercial driver’s licenses (CDL) to 18 could rejuvenate the trucking labor market.