A few hours earlier, Trump announced a similar break for Mexico’s customs fees.
US president Donald Trump Said on Thursday that he would also take a break against Canada for a month. He justified the decision in the interest of the US automotive industry.
A few hours earlier, Trump announced a similar break for Mexico’s customs fees. Customs are now expected to enter into force on 2 April.
The US 25 % import duties against Mexico and Canada have had time to take effect the other day. On Wednesday, the White House announced that the cars would be excluded for a month from Canada and Mexico. The Canadian energy products were determined by 10 % customs.
In your own Truth Social In a post published in his Sosom Service Claudia Sheinbaum with. Before Trump’s announcement of customs break in Canada Prime Minister Justin Trudeau It was time to say that Canada is so far in the US trade war, even though some sectors are relieved.
“Our goal is to remove all these duties,” Trudeau said.
Canada took a counter -attack
Trudeau and Trump talked on the phone on Wednesday but did not reach agreement. Canada has responded to US customs by imposing new imports from the United States of $ 30 billion. Later, the amount of imports of customs duties is to be increased to 155 billion.
Trump has justified Canada and Mexican duties by not doing enough countries to prevent migrants and fentanyl from entering the US border. On Thursday, the International Monetary Fund IMF estimates that the Canadian and Mexican economies may cause significant harm if Trump’s customs duties are valid for a long time.
At Wall Street, uncertainty pressed courses on a wide front as Trump’s administrative customs policies cooled the confidence of investors. On Thursday, the S&P 500 index was almost 2 % downhill in the evening, and the technology -focused Nasdaq melted at over 2.3 %. Trump denied that market reactions would have influenced his decision to put customs payments on.