The President of the United States, Donald Trump, has decided to exempt for at least one month imports from the automotive sector coming from Mexico and Canada from the 25% tariffs he activated against both countries. This measure occurs in the context of the current trade war incited by Washington, where Trump is expected to receive a report on reciprocal tariffs in August.
In this regard, Trump is expected to speak by phone with the President of Mexico, Claudia Sheinbaum, hoping that the tariffs can be suspended before Sunday, the day on which he has called Mexicans to the Zócalo in Mexico City to announce the response to the customs taxes imposed by the U.S.
For her part, Sheinbaum has highlighted that Mexico is at a crucial moment following the imposition of tariffs by Washington and has mentioned the possibility of seeking other trading partners like Canada if the tariffs continue. Despite this, the President remains hopeful that the call with Trump may lead to the cancellation of the tariffs before March 9.
In a conversation with Justin Trudeau, Trump stated that the Canadian Prime Minister has not done 'enough' to stop the trafficking of fentanyl, which has led to the imposition of additional tariffs on Canada. Trump also accused Trudeau of using the issue of tariffs to stay in power. Trudeau, for his part, has announced that he will step down after nine years in power and that his party will elect a new leader.
Regarding the tariff exemption for the automotive sector under the USMCA, the White House has confirmed that a one-month exemption will be granted to all vehicles entering the United States, addressing the request of the companies associated with this treaty. However, the reciprocal tariffs will remain in effect starting April 2, according to White House spokesperson Karoline Leavitt.
