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Trump delays tariffs on most goods from Mexico for a month [Video]

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Canadian Economy and Markets

WASHINGTON (AP) — President Donald Trump said Thursday that he has postponed 25% tariffs on most goods from Mexico for a month after a conversation with that country’s president.

Trump’s announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would “likely” be delayed. This is the second one-month postponement Trump has announced since first unveiling the import taxes in early February. The reprieve would apply to goods that are compliant with the trade agreement Trump negotiated with Canada and Mexico in his first term.

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Trump’s on-again, off-again tariffs threats have roiled financial markets, lowered consumer confidence, and enveloped many businesses in an uncertain atmospherethat could delay hiring and investment. Lutnick emphasized that reciprocal tariffs, in which …

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