Trump delays tariffs for goods under Mexico, Canada trade deal

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Mexican President Claudia Sheinbaum holds a news conference at the National Palace in Mexico City on March 6 after a phone call with U.S. President Donald Trump. © Reuters

March 7, 2025 02:50 JST

Updated on March 7, 2025 14:29 JST

WASHINGTON (Reuters) -- U.S. President Donald Trump suspended on Thursday tariffs of 25% he had imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed markets and fanned worries about inflation and growth.

The exemptions for the two largest U.S. trading partners, expire on April 2, when Trump has threatened to impose a global regime of reciprocal tariffs on all U.S. trading partners.