In the latest tariffs development, President Trump said Mexico will be exempt from tariffs for one month on products that fall under the U.S.-Mexico-Canada Agreement trade pact.
In a Truth Social post, Trump said he was pausing tariffs on this bulk of Mexican imports until April 2.
About 10% of Mexico’s exports to the U.S. still fall outside of the trade pact, including automobiles and machinery exports; meaning they will not be free from tariffs, according to a New York Times report.
The move closely follows Trump’s decision to also grant automakers a one-month exemption from tariffs he imposed on imports from Mexico and Canada.
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