Trump Postpones Tariffs on Canada and Mexico in Face of Trade Tensions
Trump had originally declared the tariffs on March 4, but this is not the first time he has delayed such action
Trump Postpones Tariffs on Canada and Mexico in Face of Trade Tensions latest news: In a recent turn of events, U.S. President Donald Trump has again delayed the imposition of a 25% tariff on Canada and Mexico for 30 days.
Trump had originally declared the tariffs on March 4, but this is not the first time he has delayed such action. Earlier, he had declared tariffs on several Canadian and Mexican goods from February 4, only to delay them a day before they were to come into effect.
The move to postpone the tariffs has brought about a flurry of reactions. In Canada, Trump's threat to impose tariffs and his pronouncement to make Canada the 51st state have precipitated a boycott of American products.
Reports show that Canadians have withheld American apples and switched to imports from other nations. Pizza vendors have also begun utilizing Italian tomatoes rather than those of California.
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On Thursday, Trump issued executive orders to prevent imposing tariffs on Mexico and Canada. The action has been interpreted as a reaction to the burgeoning patriotism spirit in Canada.
Shopkeepers have indicated that they will cease selling American products, and many Canadians who had scheduled vacations in the U.S. have canceled. Trump's threat has sparked national pride in Canada.
Two months back, in fear of losing the elections, a tide of opposition against Canadian Prime Minister Justin Trudeau arose within the Liberal Party, and he announced his resignation. Today, the Liberal Party has become the leading party in the next elections.
On Tuesday, Trudeau said Canadians are smart and are perhaps humble as a people but won't walk away from a battle, particularly when the nation's people's welfare is in question.
Mexico and Canada welcomed Trump's choice to postpone tariffs. Canadian Finance Minister Dominic LeBlanc released that Canada was also going to temporarily suspend the tariffs on the goods of the Americans.
After Trump said he would add tariffs on March 4, Canada put a tariff on $20.5 billion in US goods. Before that, Mexico had said that it would set tariffs on American products beginning on Sunday if the US did not reverse its position. Mexican President Claudia Sheinbaum thanked Trump for making his decision.
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