US president paused tariffs on Mexican products covered by USMCA and later stayed tariffs on many Canadian imports

Summary

Trump temporarily delayed tariffs on many imports from Mexico and Canada, reversing his earlier decision to impose 25% duties.

Following talks with Mexico’s President Sheinbaum, he exempted USMCA-compliant Mexican goods, later extending the relief to Canada until April 2.

Despite market turmoil and business concerns over price hikes, Trump insisted the delay was unrelated to economic turbulence.

The move follows previous delays and exemptions for automakers. Critics warn his aggressive tariff strategy risks harming businesses and consumers while aiming to secure economic concessions from trade partners.