Description
WASHINGTON (TNND) — President Donald Trump spoke with President Claudia Sheinbaum Thursday and agreed that Mexico will not have to pay tariffs on anything that falls under the United States-Mexico-Canada Agreement (USMCA).
Trump added the agreement will last until April 2 stating he did it "as an accommodation, and out of respect for, President Sheinbaum."
"Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl," he wrote on Truth Social. "Thank you to President Sheinbaum for your hard work and cooperation!"
The 25% tariff on imports went into effect for Mexico and Canada on Tuesday in response to the countries not doing enough to curb the flow of drugs and illegal immigration across the borders.
In response, Canadian Prime Minister Justin Trudeau said his country would impose 25% tariffs on more than $100 billion of American goods over 21 days.
During a news conference to announce the retaliatory action, Trudeau stared into the camera as he addressed Trump and agreed with the Wall Street Journal for pointing out "that even though you're a very smart guy, this is a very dumb thing to do."
On Wednesday, the president granted a one-month exemption on his import tariffs for U.S. automakers.
White House Press Secretary Karoline Leavitt told reporters that the exemption will be given to the Big Three auto dealers - Ford, General Motors and Stellantis - through the USMCA.
"Reciprocal tariffs will still go into effect on April 2. But at the request of the companies associated with USMCA, the president is giving them an exemption for one month, so they are not at an economic disadvantage," she added, referencing the North American free trade agreement Trump renegotiated in his first term.
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