Former U.S. President Donald Trump announced a temporary pause on some tariffs targeting Mexican imports, easing trade tensions following market backlash.
After a conversation with Mexican President Claudia Sheinbaum, Trump said the suspension would last until April 2, but reciprocal tariffs could still apply.
Meanwhile, tensions with Canada remain high, with Prime Minister Justin Trudeau stating that Ottawa is in a prolonged trade war with Washington.
Economists warn that Trump’s tariff policies could disrupt supply chains, increase inflation, and weigh on U.S. economic growth.
Despite concerns, Trump maintains that tariffs are essential to address trade imbalances and national security issues.
Source: PhilNews24 | March 7, 2025
