Trump gives Mexico a reprieve on tariffs but skips Canada – Washington Examiner
President Donald Trump announced that Mexico would receive relief from new tariffs on goods related to the united states-Mexico-Canada Agreement (USMCA),halting plans to impose a 25% tariff that was set to take effect. This decision followed discussions with Mexican President Claudia Sheinbaum and was framed by Trump as a gesture of goodwill and cooperation, especially regarding border security and drug trafficking.
In contrast, Trump did not extend the same courtesy to Canada, instead criticizing Prime Minister Justin Trudeau on social media, suggesting that Trudeau was using the tariff issue for political gain in Canada. The backdrop of these tariff discussions includes concerns from economists that such measures could lead to a recession, although not as severe as the Great Depression.The management’s shifting stance appears influenced by recent market turmoil linked to concerns over trade wars.
Trump gives Mexico a reprieve on tariffs but has different message for Canada’s Trudeau
President Donald Trump halted additional tariffs against goods imported from Mexico that fall under the United States-Mexico-Canada Agreement but appeared to ice Canada out of a similar reprieve.
“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd,” Trump wrote on TruthSocial Thursday.
The move is an about-face from Trump who repeatedly stressed that 25% tariffs against Canada and Mexico would go into effect Tuesday. But the president sought to downplay the capitulation during his announcement.
TRUMP’S ‘LITTLE DISTURBANCE’ COULD TURN INTO RECESSION, ECONOMISTS WARN
“I did this as an accommodation, and out of respect for, President Sheinbaum,” Trump continued. “Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!”
Notably, Trump did not simultaneously offer Canada a reprieve against tariffs and instead chose to slam Prime Minister Justin Trudeau on social media.
“Believe it or not, despite the terrible job he’s done for Canada, I think that Justin Trudeau is using the Tariff problem, which he has largely caused, in order to run again for Prime Minister. So much fun to watch!” Trump wrote in a separate post.
Trudeau announced 25% retaliatory tariffs against the U.S. after Trump refused to back down on the tariff threats, prompting Trump to rage against the Canadian leader on social media once again.
During his joint address to Congress Tuesday evening, Trump warned a “little disturbance” could be on the horizon due to the Canada and Mexico tariffs along with the additional 10% tariffs against China.
Economists have warned that tariffs on the nation’s three largest trade partners could risk a recession, although not as severe as the Great Depression. And in the days leading up to and after the tariffs went into effect the stock market tanked, likely ramping up pressure for Trump to tamp down any potential trade wars.
Just one day earlier the Trump administration gave a one month reprieve to automakers but also stressed that reciprocal tariffs are still set for effect on April 2.
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