A suspension for most of the duties on Canada And Mexico until April 2nd. This was announced by the President of the United States, Donald Trump, after an interview with the Mexican president Claudia Sheinbaum. Trump said on Truth that he had agreed that Mexico will not be subject to duties on any product included in the commercial agreement until that date.
The measure provides for a Temporary suspension of rates of 25% On all sectors and goods covered by the Usmca (United States-Mexico-Canada Agreement), the North American free trade treaty.
The stop of the duties until April 2, Trump’s behindfront
“I did it,” said the Tycoon, “out of respect for Sheinbaum. Our relationship was very good and we are working hard, together, on the border to prevent clandestine immigrants from entering the United States and to stop Fenanyl “.
The decision also concerns Canada who, said Prime Minister Justin Trudeau, “will continue to be in commercial war” with the United States for “The near future”, even if there will be “breaks on duties in certain sectors. Our goal remains to have all the rates removed “.
After extending the suspension also to the Canadian exports covered by the commercial agreement with the United States, Ottawa has announced that it will postpone the imposition of a second wave of duties out of 125 billion dollars of American products. The news was confirmed by the Minister of Finance, Dominic Leblanc. Also in this case, the measure will remain in force until April 2nd.
The duties on goods from Mexico and Canada had to be introduced in early February, but then Donald Trump had suspended them for thirty days in exchange for some temporary concessions, and had finally entered into force two days ago.
The reasons for the suspension: alarm on the stock market and the collapse of the markets
The move of President Trump came the day after granting one 30 -day extension At the car manufacturers, Stellantis, General Motors and Ford, who had complained with him that his 25% rates against the neighbors of the North and South of the United States would have caused serious damage to the sector.
Trump’s move comes at the end of a day marked by others negative of Bagswhich at Wall Street and Nasdaq recorded strong falls due to the uncertainty linked to its commercial policies. However, the American president reiterated that he had not made this decision because of the collapse of the markets. “I didn’t even look at them,” he said.
However, it is a fact that, after the announcement of the duties, the equity markets have undergone a collapse, and among the industries that depend on the trade with Canada and Mexico, which represent over a quarter of imports and almost a third of US exports, anxiety and confusion has spread.
The Pick-up knot, the Favorite Morning Car of Sorceress
But there could also be another reason, rather curious: according to Reuters, the rates would hit one of the best -selling categories, that of pick-upa type of vehicle purchased mainly by the supporters of Donald Trump.
A survey conducted in August by EDMUNDSa supplier of information from the automotive sector, revealed that pick-up drivers have about the probability of declaring republicans rather than democratic.
Furthermore Reuters He underlines that about a third of the pick-ups sold in the United States, both by American and foreign brands, are manufactured in Mexico and Canada, according to a research by Global Data.
