Trump gives Canada tariff exemption for goods covered by free trade agreement
Donald Trump has signed an executive order that will temporarily exempt Canadian goods covered by a continental free trade agreement from his tariff plan.
Goods imported to the United States under the United States–Mexico–Canada Agreement will be exempted from Trump’s 25% tariffs for one month, according to the order Turmp just signed in the Oval Office, which will also do the same for goods from Mexico.
However the president said he was still ready to impose “reciprocal” tariffs on both Canada and Mexico next month, which could further disrupt trade relations across the continent.
“During this interim period between now and April 2, this makes it much more favorable for our American car manufacturers,” Trump said.
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