U.S. President Donald Trump unveiled his long-promised plan seeking to rebalance global trade with reciprocal U.S. tariffs on April 2, but didn’t impose new tariffs on Canada and Mexico.
A senior White House official said the initial 10 percent tariff on energy imports from Canada along with the broad 25 percent tariff on goods from Canada and Mexico in relation to illegal migration and fentanyl trafficking will remain in place unchanged. The current exemptions for goods covered by the United States-Mexico-Canada Agreement (USMCA) free trade deal, implemented on March 6, also remain. ---More...
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