US President Donald Trump
US President Donald Trump has given relief to Mexico amidst the possibility of trade war. He has postponed the decision to impose 25 percent tariff on goods coming from Mexico for a month. New rates of tariffs will be applicable in April. At the same time, he has said about Canada that due to Justin Trudeau, the problem of tariff has arisen and he is using it to win the election. Trump has made it clear that he may be giving relief to Mexico, but the tariff rate on the goods imported from Canada will not be low.
Donald Trump wrote about Canada, “Believe it or not, despite his poor work done for Canada, I think Justin Trudeau Tariff is using the problem, the reason they are, so that they can contest elections for the post of Prime Minister. It is very fun to see!”
Relief to Mexico
President Donald Trump said on Thursday that he has postponed 25 percent tariff on most of the goods coming from there for a month after talks with the President of Mexico. Trump’s announcement came after his statement by his commerce secretary Howard Lutnik, stating that both Canada and Mexico would “possibly” delay in tariffs. Trump announced a new tariff rates in February after Handling as US President in January. However, he has spoken about a month’s delay in implementing new tariff rates for the second time.
Trump’s post
This exemption will apply to the items that in line with Trump in their first term with Canada and Mexico. Trump said on Truth Social, “We are working hard together on the border to prevent illegal foreigners from entering the United States and to prevent Phantainil.”
Impact on stock market
Trump’s frequent tariff threats have shook the financial markets, reduced the confidence of consumers and surrounded many businesses in an uncertain environment, which can lead to recruitment and investment. Lutnik insisted that the mutual tariff, in which the United States impose imports on countries that impose tariffs on US exports, will still be implemented on 2 April. Soon after Lutnik spoke, the American markets jumped from their lower levels of the day.
Canada’s response
On Thursday, Canadian Prime Minister Justin Trudeau indicated that he feels that his country would be entangled in a trade war with the US in the near future. Trudeau said that the month -long widespread break “is in line with our conversation with administrative officials.” The Canadian leader said that this step of the Trump administration is a “promising sign”, but it also means “fees will remain in force and therefore our response will remain in force.” (Input-PTI)
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