President Trump suspended tariffs for both countries after Mexico’s leader presented her security successes, and after U.S. markets fell and business leaders urged the White House to change course.
President Donald Trump said that all Mexican USMCA-compliant goods were exempt from tariffs until next month.
Fox News senior White House correspondent Peter Doocy has the latest on President Donald Trump's tariffs on Mexico and Canada on 'Special Report.'
Vice President JD Vance is visiting the U.S.-Mexico border on Wednesday to highlight the tougher immigration policies that the White House says has led to dramatically fewer arrests for illegal crossings since Donald Trump began his second term.
In another reversal, Trump postponed for a month new tariffs on imports from Canada and Mexico that fall under the three nations' free trade deal.
Trump's tariff moves have caused a gaping wound in the decades-old North American trade partnership, have also caused the stock market to sink and alarmed U.S. consumers.
President Donald Trump said Thursday that he has postponed 25% tariffs on most goods from Mexico for a month amid widespread fears of the impact of a broader trade war.
The president knows his plans,” a White House official said, while Donald Trump presses ahead with tariffs that economists warn will push prices higher.
The reprieve applies to cars from Canada and Mexico that comply with the free-trade deal between those two countries and the U.S.