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Trump delays tariffs for goods under Mexico, Canada trade deal | Tuoi Tre News JavaScript is off. Please enable to view full site. PoliticsSocietyBusinessLifestyleFeaturesInternationalSportsCity DiaryEducationMedia Trump delays tariffs for goods under Mexico, Canada trade deal Friday, March 07, 2025, 10:41 GMT+7 Canadian-made plywood is seen at POCO Building Supplies, a 106-year old business in Port Coquitlam, British Columbia, Canada on March 4, 2025. Photo: Reuters WASHINGTON -- President Donald Trump suspended on Thursday the 25% tariffs he imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed financial markets and fanned worries over inflation and a growth slowdown. The exemptions, covering the two largest U.S. trading partners, expire on April 2 when Trump has threatened to impose a global regime of reciprocal tariffs on all U.S. trading partners. Trump had imposed a 25% levy on imports from both countries on Tuesday and had mentioned an exemption only for Mexico earlier on Thursday, but the amendment he signed on Thursday afternoon covered Canada as well. The three countries are partners in a North American trade pact. In response, Canada will delay a planned second wave of retaliatory tariffs on C$125 billion of U.S. products until April 2, Finance Minister Dominic LeBlanc said in a post on X. For Canada, the amended White House order also excludes duties on potash, a critical fertilizer for U.S. farmers, but does not fully cover energy products, on which Trump has imposed a separate 10% levy. A White House official said that is because not all energy products imported from Canada are covered under the U.S.-Mexico-Canada Agreement on trade that Trump negotiated in his first term as president. Trump imposed the tariffs after declaring a national emergency on January 20, his first day in office, due to deaths from fentanyl overdoses, asserting that the deadly opioid and its precursor chemicals make their way from China to the U.S. via Canada and Mexico. Trump has also imposed tariffs of 20% on all imports from China as a result. Trump first announced the levies at the beginning of February, but he delayed them for Canada and Mexico until Tuesday. Earlier this week he declined to delay them again, and doubled a 10% levy that had been in force since February 4 on Chinese imports. "On April 2, we're going to move with the reciprocal tariffs, and hopefully Mexico and Canada will have done a good enough job on fentanyl that this part of the conversation will be off the table, and we'll move just to the reciprocal tariff conversation," Commerce Secretary Howard Lutnick told CNBC. "But if they haven't, this will stay on." Trump also said 25% tariffs on imports of steel and aluminum would go into effect as scheduled on March 12. Canada and Mexico are both top exporters of the metals to U.S. markets, with Canada in particular accounting for most aluminum imports. On Wednesday Trump exempted automotive goods from the 25% tariffs he imposed on imports from Canada and Mexico as of Tuesday, levies that economists saw as threatening to stoke inflation and stall growth across all three economies. Trump issued those exemptions after meeting with executives from the top U.S. auto makers, Ford, General Motors and Stellantis. U.S. stock markets resumed their recent sell-off on Thursday, with investors citing the rapid-fire, back-and-forth developments on tariffs as a concern due to the uncertainty they are fanning. Economists have warned that the levies may rekindle inflation that has already proven difficult to bring fully to heel, and slow demand and growth in its wake. The SP 500 closed down 1.8% and is now down nearly 7% since mid-February. "A continuation of this on again, off again with tariffs particularly with Mexico and Canada" is what is creating uncertainty in markets, said Bill Sterling, global strategist at GWK Investment Management in Boston. "The rational economic response to business leaders when there's such a high degree of uncertainty is to sit on their hands and just defer making decisions," Sterling said. "How can you make decisions about where you locate an auto plant between the U.S. and Canada right now?" Lutnick said that the White House is not looking to market reaction for guidance. "The fact that the stock market goes up or down a half percent on any given day is not the driving force of our outcomes," Lutnick said. "Our outcomes are driven by we want factory production in America." Earlier on Thursday, Prime Minister Justin Trudeau, who is stepping down as Canada's leader on Sunday, said he does not expect the trade war that Trump has kicked off to abate any time soon. "I can confirm that we will continue to be in a trade war that was launched by the United States for the foreseeable future," he told reporters in Ottawa. There was no immediate response from Mexican officials, though President Claudia Sheinbaum earlier on Thursday held a call with Trump during which he had agreed to a delay. "We had an excellent and respectful call in which we agreed that our work and collaboration have yielded unprecedented results, within the framework of respect for our sovereignties," Sheinbaum said in a post on X. Mexican and Canadian officials have been frustrated by tariff negotiations with the Trump administration, with a lack of clarity over U.S. desires making a resolution seem impossible, sources from both countries told Reuters. SpaceX's Starship explodes in space, again raining debris over Caribbean Europe's Ariane 6 deploys spy satellite in first full mission EU leaders cautiously welcome Macron's nuclear umbrella offer Trump delays tariffs for goods under Mexico, Canada trade deal Vietnam posts rare trade deficit in February; concerns about U.S. tariffs remain Vietnam to restructure local administrations into 2-tier system The two-tier system will include the provincial level and the grassroots level Vietnam to restructure local administrations into 2-tier system Vietnamese travel firms hope to draw more tourists with visa exemptions for 3 European nations Hanoi to demolish ‘Shark Jaw’ building near iconic Hoan Kiem Lake Ho Chi Minh City begins crackdown on begging, tourist harassment Ho Chi Minh City police free Chinese man from Chinese kidnapping ring SpaceX's Starship explodes in space, again raining debris over Caribbean Europe's Ariane 6 deploys spy satellite in first full mission EU leaders cautiously welcome Macron's nuclear umbrella offer Trump delays tariffs for goods under Mexico, Canada trade deal Vietnam posts rare trade deficit in February; concerns about U.S. tariffs remain South Korea air force jets accidentally drop bombs on homes, injuring 15 Two of the injuries were seriously hurt 1 day ago 'Stranded' NASA astronaut backs Musk in rescue row 'I can only say that Mr. Musk, what he says is absolutely factual' 1 day ago Blast at Chuo Spring auto parts plant in Japan kills 1 The blast involved a dust collector inside the Fujioka plant, which supplies auto parts to Toyota Motor 1 day ago Pfizer convinces US Patent Office to cancel two Moderna COVID-19 vaccine patents Pfizer and BioNTech won a round in their legal battle with Moderna over COVID-19 vaccine patents 1 day ago Vietnam posts rare trade deficit in February; concerns about U.S. tariffs remain Vietnam posted a rare monthly trade deficit in February as imports surged during the month, government data showed on Thursday, though the country's surplus with the United States increased in the opening months of 2025 22 hours ago Society Hanoi moves forward with plans for 39km fifth metro line It will feature 6.5km of underground tracks, 2km of elevated tracks, and 30km at ground level, with a total of 21 stations Society Vietnamese long-haul bus employee clashes with foreign passenger over restroom stop 42 minutes ago Business Vietnamese companies look to adapt to potential US tariff changes 3 hours ago Business Vietnam’s veggie, fruit exports to China plunge 43% due to strict inspections 4 hours ago Business Vietnam sees nearly 4 million international tourists in first two months of 2025 5 hours ago Events Ambassadors, diplomatic representatives cycle in Hanoi to mark ASEAN Family Day Society 'Pioneer the Possible': Sweden, Vietnam jointly work toward sustainable development Business Thousands watch hot-air balloon performance marking 31st SEA Games in Vietnam Society 80,000 volunteers join event to mark 2022 Earth Hour in Vietnam Society ‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic Hanoi moves forward with plans for 39km fifth metro line It will feature 6.5km of underground tracks, 2km of elevated tracks, and 30km at ground level, with a total of 21 stations Vietnamese long-haul bus employee clashes with foreign passenger over restroom stop Regardless of the circumstances, physical altercations between bus staff and passengers – especially foreign visitors – should never occur Vietnamese student collects leftover food, scrap metal on way home from school to support family He rides his bicycle home from school carrying containers of leftover food and bags of scrap metal Vietnamese companies look to adapt to potential US tariff changes 'Vietnam is seeing a big opportunity to purchase wood materials from the United States' Vietnam’s veggie, fruit exports to China plunge 43% due to strict inspections China has tightened checks on chemical residues in durians, jackfruits, and dragon fruits SpaceX's Starship explodes in space, again raining debris over Caribbean The failure of the eighth Starship test comes just over a month after the seventh also ended in an explosive failure Thailand seeks cooperation with India, Vietnam to support falling rice prices Thailand is in talks with both countries to reduce competition Europe's Ariane 6 deploys spy satellite in first full mission European nations agreed in 2014 to develop Ariane 6 for commercial and institutional launches in response to growing competition EU leaders cautiously welcome Macron's nuclear umbrella offer European leaders showed a cautiously receptive ear to President Emmanuel Macron's proposal to debate extending the French nuclear umbrella to Europe Trump delays tariffs for goods under Mexico, Canada trade deal In response, Canada will delay a planned second wave of retaliatory tariffs on C$125 billion of U.S. products until April 2 Vietnam, UK accelerate repatriation of Vietnamese ineligible for staying in Britain Vietnam proposes key initiatives to strengthen ASEAN cooperation Chief of Kyrgyzstan’s cabinet of ministers to visit Vietnam this week Vietnam to restructure local administrations into 2-tier system Hanoi to demolish ‘Shark Jaw’ building near iconic Hoan Kiem Lake Ho Chi Minh City begins crackdown on begging, tourist harassment Vietnamese travel firms hope to draw more tourists with visa exemptions for 3 European nations Charter flights to resume between 11 Russian cities and Vietnam’s Nha Trang Vietnam's Hai Phong unveils its newest flagship hotel 10th Japan Vietnam Festival in Ho Chi Minh City to take place next weekend Ho Chi Minh City youngsters camp out overnight for trending Labubu toys 500 drones to light up Vietnam’s Central Highlands night sky during 2025 coffee fest In Ho Chi Minh City, traditional markets in dire need of transformation amid changing consumer habits More young people cycle to work in Ho Chi Minh City Vietnamese bar girls go on wild sex parties for money despite heavy toll on health UNICEF hails Vietnam’s nationwide tuition-free policy as significant step toward educational equity Vietnam to waive tuition for all K-12 students from September Ho Chi Minh City to inspect 27 non-public schools, including bilingual institutions Ho Chi Minh City Women’s FC add US forward for AFC quarterfinal clash Vietnamese billiards legend secures spot in 2025 World Cup Binh Duong to host 2025 Biwase Tour, Int’l Women’s Cycling Race this month In Vietnam, let a sidewalk be a sidewalk Stricter actions needed to combat sidewalk encroachment in Ho Chi Minh City Do not let a core Vietnamese cultural belief fall victim to the false idea of modern society SpaceX's Starship explodes in space, again raining debris over Caribbean The failure of the eighth Starship test comes just over a month after the seventh also ended in an explosive failure Europe's Ariane 6 deploys spy satellite in first full mission European nations agreed in 2014 to develop Ariane 6 for commercial and institutional launches in response to growing competition ‘Green Vietnam 2025’ centers around green consumption promotion The second edition of the program aims to enhance the effectiveness of environmental protection and raise public awareness of sustainable practices 10th Japan Vietnam Festival in Ho Chi Minh City to take place next weekend This year’s festival will feature cultural exchanges, trade promotion, culinary showcases, and tourism exhibitions, with the participation of approximately 150 booths Daily meal recommendation: 'Thịt kho trứng cút' or pork belly braised with quail eggs 'Thịt kho trứng cút' is a familiar favorite in Vietnamese daily meals, cherished for its rich, caramelized flavors and comforting appeal. How we cook a Vietnamese dinner for 2 with ~$5 The whole meal, which consists of 'gà kho' , 'canh gà lá giang' , and fresh vegetables, costs around VND120,000 with ingredients bought from Lac Quang Market in District 12, Ho Chi Minh City. 11 adult, students get burnt from cooking gas explosion at school in Vietnam’s Mekong Delta The adult and six students were released after receiving first aid at a local health station Da Lat proposes removing improvised greenhouses Greenhouses have formed a negative microclimate in the inner city of Da Lat More young people cycle to work in Ho Chi Minh City Not everyone cycles to work full-time, but some do it to adopt a new lifestyle, while others see it as a form of exercise In Ho Chi Minh City, traditional markets in dire need of transformation amid changing consumer habits After the 2025 Lunar New Year holiday, traditional markets in the southern metropolis have continued to experience sluggish sales, with many vendors leaving Editor-in-Chief: LE THE CHU Publication permit 1332/BTTTT-PTTH&TTĐT, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam © All rights are reserved by Tuoi Tre/Tuoi Tre News Content may not be republished, except with the prior written permission of Tuoi Tre/Tuoi Tre News. 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