Trump will delay tariffs on Mexico, Canada until March 1
Posted: Jan 31, 2025
- Trump plans to impose tariffs on Mexico and Canada starting on March 1
- The tariffs may include a process for seeking exemptions for certain imports
- Final decision is pending until Trump's public announcement
- Trump has suggested a 25% tariff rate on imports from these countries
- Exemptions will be limited, with a few possibilities
- Goal of tariffs is to pressure neighbors to address illegal immigration and drug flow
- This may affect financial markets and US relationships with trading partners
- Negotiations will continue during the 28-day window before implementation.
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