President Donald Trump has expanded exemptions on tariffs for Canada and Mexico, marking a significant retreat from his aggressive trade policies.
Temporary relief for businesses
The exemptions will apply to about 50% of imports from Mexico and 38% from Canada, though it remains unclear which Canadian goods are included.
Political reactions
Mexican President Claudia Sheinbaum praised the move, while Canadian Prime Minister Justin Trudeau continues to push for a full exemption on all goods.
Economic concerns persist
Despite the exemptions, fears of rising consumer prices and disrupted supply chains remain, as businesses brace for potential future trade restrictions.
What’s next?
With the exemptions set to expire on April 2, uncertainty lingers over whether Trump will reinstate tariffs or extend the relief further.
