Trade War Fears Ease as Trump Pauses Tariffs After Concessions From Canada, Mexico
(The Center Square) – Major markets pared some losses after President Donald Trump paused his plans for 25% tariffs on goods from Mexico and Canada while starting talks with China on a 10% additional tariff over fentanyl smuggling. Trump on Saturday ended decades of duty-free trade between the U.S., Mexico and Canada with a 25% tariff on imported goods from the two countries with a lower 10% tariff on Canadian energy resources. Trump said he'd keep the tariffs in place until the illegal fentanyl trade subsided. He also added a 10% tariff on imports from China over that country's role in producing the chemicals needed to make fentanyl, a powerful opioid blamed for the majority of U.S. overdose deaths.
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Show Notes
(The Center Square) – Major markets pared some losses after President Donald Trump paused his plans for 25% tariffs on goods from Mexico and Canada while starting talks with China on a 10% additional tariff over fentanyl smuggling. Trump on Saturday ended decades of duty-free trade between the U.S., Mexico and Canada with a 25% tariff on imported goods from the two countries with a lower 10% tariff on Canadian energy resources. Trump said he'd keep the tariffs in place until the illegal fentanyl trade subsided. He also added a 10% tariff on imports from China over that country's role in producing the chemicals needed to make fentanyl, a powerful opioid blamed for the majority of U.S. overdose deaths.
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Full story: https://www.thecentersquare.com/national/article_46270660-e27b-11ef-a8c5-e3d4b5a180a5.html
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