President Donald Trump announced a temporary pause on the 25% tariffs for imports from Mexico that comply with the United States-Mexico-Canada Agreement (USMCA), following discussions with Mexico’s President Claudia Sheinbaum.
Commerce Secretary Howard Lutnick said President Donald Trump will “meet in the middle” with Mexico and Canada after 25% tariffs on America’s continental neighbors went into effect Tuesday. Lutnick to
President Donald Trump stated that Mexico will not be required to pay tariffs on any goods, but he did not mention Canada.
Howard Lutnick told CNBC “hopefully Mexico and Canada will have done a good enough job on fentanyl” that the U.S. will focus only on reciprocal tariffs.