Donald Trump announced a large reversal of his rates on Mexico and said that he will handle a one -month break out of 'respect' for President Sheinbaum.
On Tuesday, the US imposed 25 percent rates on all goods that have been imported from Mexico and Canada and fluctuate the country in a trade war.
But Trump announced that Mexico will be given an exemption of a month because the country has agreed to its conditions to stop the flow of Fentanyl through the southern border.
“After I had spoken with President Claudia Sheinbaum from Mexico, I agree that Mexico will not be obliged to pay rates about everything that falls under the USMCA agreement,” he said about Truth Social.
The agreement lasts until 2 April and was done out of respect for 'Sheinbaum.
'Our relationship has been very good, and we work together, together, on the border, both in terms of stopping illegal alien beings to enter the United States and also stop Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation! '
In the meantime, he continued to dig in Canada's Justin Trudeau. Canada has not received a similar exemption yet.
Donald Trump announced a large reversal of his rates on Mexico
Trump maintains a one -month break from 'respect' for President Sheinbaum
'Believe it or not, despite the terrible job he did for Canada, I think Justin Trudeau uses the rate problem that he has largely caused to walk again for Prime Minister. So nice to watch! “He placed socially on truth.
But his trade secretary Howard Lutnick teased at CNBC that the president is also approaching a similar exemption for Canada.
Trump also announced on Wednesday that he is rolling back Rates for auto -import from neighboring countries.
'We spoke with the Big Three Auto dealers. We are going to give an exemption of one month about all the cars that come via USMCA. Mutual rates are still in force on April 2, “said press secretary Karoline Leavitt during the White House press conference on Wednesday.
That came one day after Trump met the 'Big Three' car manufacturers – General Motors, Ford and Stellantis.
Commerce secretary Howard Lutnick appeared a little more than 24 hours later on Bloomberg, where he said the president is considering alleviating some rates.
“There will be rates, let's be clear, but what he thinks about is which parts of the market that may be possible, maybe he will consider giving them relief,” Lutnick said.
Trump's press secretary Karoline Leavitt
In the meantime, Trump continued to dig in Canada's Justin Trudeau
The secretary of the trade said that it could go until they are on April 2.
The Trump administration seemed ready to blink first when the markets took a huge tumbling this week and Canada and China announced mutual rates.
But the trade war between the American and large trading partners is far from over.
“I don't want anyone to forget, April 2 is the day we announce our mutual rates around the world,” Lutnick noted.
