On the 6th local time, US President Trump signed an amendment to tariffs on Mexico and Canada, exempting products that comply with the US Mexico Canada Agreement (USMCA) from tariffs until April 2nd.
Trump also stated that he will not change tariffs on steel and aluminum. In addition, regarding the 25% tariff exemption announced on the 5th for automotive products imported from Mexico through the USMCA, Trump stated that the exemption period is temporary and there will be no exemption for automotive tariffs after its expiration.
On February 1st local time, Trump signed an executive order imposing a 25% tariff on products imported from Mexico and Canada. On February 3rd, Trump announced a 30 day suspension of tariffs on both countries and continued negotiations. On February 10th, Trump continued to sign an executive order announcing a 25% tariff on all steel and aluminum imports into the United States. Trump also stated on the same day that there are "no exceptions or exemptions" to the relevant requirements.
The above related tariff measures will come into effect on March 4th.
On March 5th local time, White House Press Secretary Levitt announced that US President Trump has decided to grant a one month tariff exemption to three major car manufacturers, including Ford, and a 25% import tariff exemption on their car products imported from Mexico and Canada through the USMCA agreement.
Levitt stated at a press conference that during Trump's conversations with Ford Motor Company, General Motors, and Strantis Automobile Company, the three companies requested exemption from tariffs, and Trump promised to grant them a one month tariff exemption. We have talked to the three major car manufacturers and we will grant a one month exemption for car products imported through the USMCA agreement. The equivalent tariffs will still take effect on April 2nd
The US media said that Trump's move was a temporary relief measure provided after calls from industry leaders.
On February 1st local time, Trump signed an executive order imposing a 25% tariff on products imported from Mexico and Canada. On February 3rd, Trump announced a 30 day suspension of tariffs on both countries and continued negotiations. On February 10th, Trump continued to sign an executive order announcing a 25% tariff on all steel and aluminum imports into the United States. Trump also stated on the same day that there are "no exceptions or exemptions" to the relevant requirements. The above related tariff measures will come into effect on March 4th.
Mexican President speaks out strongly: never yield
According to CCTV News on March 6th, on March 5th local time, Mexican President Simbaum stated that Mexico is at a "critical moment" and the issue of US tariffs will affect Mexico's future. Mexico will not surrender. She also stated that if necessary, Mexico will seek other trading partners to defend national sovereignty and protect the interests of Mexican people and businesses.
Canadian Prime Minister's Office: Faced with US tariffs, dependence on the single market must be reduced
According to CCTV News, on March 5th, Canadian Prime Minister Trudeau had a phone call with US President Trump regarding tariffs. Trudeau's spokesperson revealed that the teams of the two leaders will have more discussions on relevant issues in the afternoon of that day.
Later that day, White House Press Secretary Levitt announced that the United States would grant a one month tariff exemption for cars imported through the USMCA agreement.
On March 5th local time, the Office of the Prime Minister of Canada issued a statement stating that the Prime Minister and provincial governors have agreed to further reduce barriers to domestic trade and labor mobility, and strengthen the domestic economy.
The statement stated that in the face of the unreasonable decision of the United States to impose tariffs on Canadian goods, Canada must enhance its economic resilience, reduce its dependence on the single market, and strengthen its domestic economy. The Canadian Prime Minister and provincial governors recognize that removing domestic barriers will make it easier for Canadian businesses to generate new income and market opportunities domestically, while attracting more foreign investment and trade. Federal and local departments will strengthen cooperation and develop a nationwide professional qualification certification plan by June 1st. They will also strive to coordinate and reduce regulatory differences, allowing Canadians to purchase Canadian made goods and promising to allow some Canadians to purchase alcoholic beverages from other regions more quickly.
It is reported that within the Canadian federal system, differences in policies, regulations, standards, or administration among provinces and territories result in various restrictions on the movement of goods, services, investments, and labor, making it difficult for businesses to sell products nationwide and workers to move.
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