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Canada, Mexico and tariffs

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There was just a brief moment of euphoria two days ago when word came out that the President was pausing the reciprocal tariffs for 90 days, but it was short lived joy because he did not lift them on...
From SFGATE
Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.
From Houston Chronicle
U.S. stocks tumbled in midafternoon trading, erasing some of the gains from a historic rally.
From Wall Street Journal

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US tariffs on Mexico and Canada unaffected by 90-day pause, White House official says
The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said. The United States' 25% tariff on goods it imports from Mexico and Canada that are not covered under the region's USMCA trade pact remains in effect,
Canada, Mexico Tariffs Are Left Unchanged by Trump Trade Shift
President Donald Trump’s sudden change to tariff policy on Wednesday won’t affect the rates that currently apply Canadian and Mexican products, according to a White House official.
Tariff Talk: Automaker Plans; Mexico & Canada Tariffs Explained
Most Canadian and Mexican vehicles are subject to a 25 percent tariff rate only on the non-U.S. content in them. U.S. content is defined in Trump's presidential proclamation as the value of parts "wholly obtained, produced entirely, or substantially transformed in the United States."
Where things stand for Trump in global tariff battle
In the aftermath of this week's tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks. Trump is also figuring out next steps with China.
Trump’s tariffs threaten to end quarter-century era of cheap goods for U.S. consumers
President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months.
Trump Has Handed Democrats an Enormous Opportunity
It’s a pattern we’ve seen for the last two months, including when the president surprised markets in early March with his apparent intent to move forward with tariffs on Canada and Mexico: Mr. Trump announces tariffs,
U.S. Stocks Tumble as Trade War Jitters Return
The Dow industrials and S&P 500 give back some gains from Wednesday’s historic rally.
Trump tariffs live updates: Trump threatens to return to higher tariffs
President Donald Trump on Thursday said he would return to the higher tariff rates announced last week if he can't reach a deal with trading partners during the 90-day pause he announced on Wednesday.
President Trump’s Retreat
When it comes to tariffs, President Trump is a creature of habit. He first rolls out new levies with bluster. He claims they will solve a major problem: They’ll help stop fentanyl trafficking across the Mexican and Canadian borders.

Trump’s tariffs to cost US automakers $108B — slamming Big 3

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Analysts have warned that the automakers will likely pass at least some of the tariff costs to the consumer.
From New York Post
In the aftermath of this week's tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks.
From U.S. News & World Report
Brazil has argued that it is a key supplier of semi-finished steel to the U.S., underscoring the integrated nature of the trade: for example, the same ships that bring U.S. coal to Brazil return carry...
From Associated Press

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Ford, GM, Stellantis face estimated $42 billion cost from Trump’s auto tariffs
A new analysis has found that President Trump's 25% auto tariffs will increase costs for the auto industry as a whole by about $108 billion.
Trump’s tariffs to cost US automakers $108B — slamming Big Three: study
President Trump’s stiff tariffs on foreign auto imports will cost US carmakers nearly $108 billion — with Detroit’s Big Three getting slammed the hardest despite having plants in the states, according to a study.
GM, Ford and Stellantis face extra $5,000 cost for each car made in America, thanks to Trump’s tariff on parts
As American businesses and shoppers try to figure out the effects of President Donald Trump’s tariffs, one research center is offering estimates on what his new import taxes mean for automakers.
Where Things Stand for Trump in Global Tariff Battle
In the aftermath of Wednesday’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks
See the Trump tariffs list by country
President Donald Trump's tariffs on dozens of countries took effect on Wednesday, including huge 104% duties on Chinese goods. Trump nearly doubled duties on Chinese imports, which had been set at 54% last week,
Trump pauses steeper tariffs for most countries, while hiking levies on China. Here’s what we know.
A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.
Brazil to prioritize negotiation after US trade tariffs, official says
Brazil’s strategy to address extra tariffs imposed by President Donald Trump is to combine negotiations with the U.S. while it expands trade agreements with other countries, a top foreign trade official said Thursday.
Trump's tariffs threaten to end quarter-century era of cheap goods for U.S. consumers
Even after Trump's U-turn on Wednesday that paused steep new tariffs on about 60 nations for 90 days, average U.S. duties remain much higher than a couple of months ago. Trump has imposed a 10% tariff on all imports,
No Relief for Carmakers in an English Town: ‘Everybody Is Nervous’
President Trump’s auto tariffs remain in place. In Solihull, where Jaguar Land Rover employs 9,000 people, residents are anxious about the 25 percent tax on vehicles imported to the United States.

Trump, Tariffs

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In the days following Donald Trump's initial announcement of sweeping tariffs, stock markets across the world plummeted. But on Wednesday evening, after news broke of the 90-day pause, they rallied.
From BBC
Donald Trump put a ninety-day pause on the implementation of most of his tariffs.
From The New Yorker
French Prime Minister François Bayrou says it is a "terribly dangerous" idea to think that China can replace the US as a trade partner.
From BBC

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Trump Sets Sights On Mexico For Tariffs
President Donald Trump is now focusing on Mexico for imposing more tariffs. According to a report on Fox News, Trump is
Where Trump’s Tariffs Stand Now
The reciprocal tariffs went into effect just after midnight Wednesday. Hours later, however, Trump announced a 90-day pause on the higher rates for bad actors—except China. He raised duties on Chinese imports to 145% in total — 125% for the reciprocal rate and an additional 20% for their role in the fentanyl crisis.
Global markets in flux as Trump says US 'doing really well' on tariffs policy
China raises import taxes on US goods to 125% as the trade war with the US over Donald Trump's global tariffs escalates Beijing faces a 145% levy on some of its goods imported to the US - here's how the tit-for-tat retaliations have unfolded President Xi Jinping calls on the EU to join China in opposing "bullying" from the US,
Why Trump Backed Down on Tariffs
From the daily newsletter: how turbulence in the bond market likely inspired the Administration’s change of course.
What to know about Trump's tariffs — the latest
President Trump sent the financial markets soaring Wednesday when he announced a 90-day pause on all 'reciprocal' tariffs, except those on China, which he boosted to a cumulative 125%. Here is a quick glance at the current tariff picture.
Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports
Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on
China raises tariffs on US goods to 125% as trade war ramps up
China’s president Xi Jinping says there are "no winners in a tariff war" as Beijing faces 145% levies on some goods imported to the US.
Trump on EU's retaliatory tariffs: 'That's bad timing'
After a reporter asked about the European Union approving a fresh set of retaliatory duties on U.S. imports, President Trump said that it was "bad timing for them" and that he’s “glad they held back." Although Trump has hit back at China's reciprocal tariffs with his own 125% tariff,
The Latest: Treasury secretary says Trump will keep 10% import tariff, raise import tax on China
President Donald Trump shared on Truth Social that he has “ authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%.” Trump also raised the tax rate on Chinese imports to 125%.
US-Canada-Mexico joint World Cup goes from unity to acrimony thanks to tariffs and '51st state' talk
As the United States prepares to welcome the world for FIFA’s Club World Cup this June, golf’s Ryder Cup in September, the World Cup next year and the Los Angeles Olympics in 2028, the question become
Stellantis temporarily halts production at 2 plants in Canada, Mexico as auto tariffs take effect
Automaker Stellantis is temporarily halting production at a plant in Canada and a plant in Mexico shortly after President Donald Trump announced a 25% tariff on imported vehicles.
Reuters9d
Canada, Mexico not subject to new global rates as fentanyl tariff still in place
MEXICO CITY/OTTAWA, April 2 (Reuters) - Mexico and Canada avoided fresh tariffs on Wednesday with President Donald Trump exempting the United States' top trading partners from his new 10% global ...
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Tariff-related layoffs hit five US auto plants that supply factories in Canada and Mexico
Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
Stellantis reacts to tariffs with U.S. layoffs and Canada, Mexico plant shutdowns
A Stellantis spokesperson told the publication that the layoffs would impact workers at five Midwest plants, specifically the stamping plants in Sterling Heights and Warren, Michigan, as well as three plants in Kokomo, Indiana, that make transmissions and metal castings.
The Economist1d
Can Mexico make hay after avoiding the reciprocal-tariff tantrum?
W hILE the tariffs announced on April 2nd were met with panic and consternation around the world, Mexico celebrated. Along with Canada, it was exempted from sweeping “reciprocal” tariffs imposed by the United States. President Claudia Sheinbaum hailed the escape as “good for the country”. The Mexican peso rose, as did the country’s stockmarket.
A US-China trade war could be catastrophic. What is Trump’s endgame strategy?
The fast-worsening trade war between the United States and China — the planet’s premier geopolitical powers, whose economies are intricately entwined — threatens to wreak severe damage on both nations and will send shockwaves worldwide.
New York Magazine on MSN19h
The Craziest Details About Trump’s Tariff Pause
In a sudden about-face on Wednesday, Donald Trump announced a 90-day pause of many of his hefty “Liberation Day” tariffs on America’s trading partners, following days of tumult on Wall Street and growing expectations that Trump’s trade war would trigger economic catastrophe.
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