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
Strong corn exports are anchoring U.S. trade, while soybean sales remain steady, but shipments lag.
China’s buying decisions continue to be a critical factor in shaping cotton prices and export opportunities worldwide.
Secretary Rollins’ plan targets high costs, labor challenges, and export growth, delivering relief at home while building markets abroad.
Transportation challenges are mounting as droughts lower Mississippi River levels and push freight rates higher.
Michigan corn farmer and NCGA Vice President-Elect Matt Frostic will lead the task force. He joined us on Thursday to share his insights on the escalating corn crisis.