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
K-State’s Dr. Gregg Ibendahl breaks down the impacts of the Middle East ceasefire on energy markets and input costs, and what farmers should watch in the weeks ahead.
Coal-based ethanol could weaken long-term export demand for corn-based fuels.
Corn Inspections Lead Weekly Exports as China Reenters U.S. Grain Market, Resumes Canada Trade Talks
Strong corn and China-driven demand support the pace of U.S. grain exports. RealAg Radio host Shaun Haney discusses Canada-China agricultural trade talks.
Tight global supply is likely to keep fuel and fertilizer costs elevated.
Improving dairy prices could support stronger milk checks later this year.
The sugar policy debate affects prices, trade, and farm stability.
