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:

Kubota President Alex Woods discusses the “Geared to Give” program, the company’s commitment to those who served, and how the initiative continues to grow and impact veterans.
Today, we honor the courage, dedication, and service of the men and women of the United States Armed Forces by taking a closer look at their commitment and teamwork in action.
Lucia Ruano, USMEF’s Central America representative, discusses what is driving demand for U.S. beef and pork in the region.
Tyson expects another year of beef-segment losses due to tight cattle supplies, even as chicken, pork, and prepared foods strengthen overall margins.
One Iowa man’s story is a powerful reminder of service, sacrifice, and home.
If the House concurs and the President signs, USDA services and farm-bill programs resume at full speed with authorities extended for another year.