Trump Administration Eases 25% Tariffs On Mexico And Canada, Extends Relief Until April 2nd

Benzinga

The Trump administration has backtracked on its plan to impose 25% tariffs on Mexico and Canada, granting a one-month reprieve for goods compliant with a 2020 free trade deal. This follows a tumultuous week of market volatility and strained relations with U.S. trading partners.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The Trump administration has backtracked on its plan to impose 25% tariffs on Mexico and Canada,

00:07granting a one-month reprieve for good complaints with a 2020 free trade deal.

00:12This follows a tumultuous week of market volatility and strained relations with

00:17U.S. trading partners. Trump signed an executive order on Thursday extending

00:20tariff relief until April 2, with the possibility of further extensions if Canada and Mexico

00:26make progress on addressing fentanyl trafficking. The decision comes after the S&P 500 lost all

00:31post-election gains, and a record trade deficit was reported for January.

00:35For all things money, visit Benzinga.com slash GSTV.

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