Watch: Why Mexico got a tariff reprieve... and Canada didn't
Summary
The United States announced new tariffs on more than 90 countries due to the end of a negotiation deadline set by President Donald Trump. Tariffs on Canadian goods will increase, although many items are exempt, while tariffs on Mexico are paused for 90 days as a new trade agreement is temporarily reached.Key Facts
- The US introduced new tariffs on over 90 countries.
- President Trump's deadline for trade deals led to these tariffs.
- Canada's tariffs will rise from 25% to 35%.
- Many goods from Canada remain exempt from these tariffs.
- Mexico's tariffs are paused for another 90 days due to a temporary deal.
- The changes are part of a broader trade policy effort by the US.
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