Clock: Trump signs commands that move some tariffs for imports from Mexico and Canada

Washington (AP) – President Donald Trump postponed 25 percent tariffs for many imports from Mexico and some imports from Canada for a month on Thursday

The White House insists that its tariffs are about stopping fentanyl smuggling, but the taxes proposed by Trump have caused a gaping wound in the decades of North American trading partnership, and Canada forced itself to quickly take aggressive countermeasures. Trump's tariff plans have also led to the stock exchange sinking and the US consumers have worried.

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In addition to his claims about Fentanyl, Trump insisted that the tariffs could be solved by determining the trade deficit, and he emphasized when he spoke in the Oval Office that he still wanted to impose “mutual” tariffs from April 2.

“Most tariffs go on April second,” said Trump before signing the commands. “At the moment we have some temporary and small, relatively small, although it has a lot of money to do with Mexico and Canada.”

Trump said he did not want to extend the liberation for the 25 percent tariff for cars for another month.

Imports from Mexico, which comply with the USMCA trading pact 2020, would be excluded from the 25 percent tariffs signed by Trump for one month. Auto-related imports from Canada that comply with the trade agreement would also avoid the 25 percent tariffs for a month, while the lime, which imports the US farmers from Canada, would be 10 percent zarific, the same rate with the Trump Canadian energy products.

Around 62 percent of imports from Canada would probably still be exposed to the new tariffs, since they are not USMCA -compliant, an official of the White House, which insisted on anonymity, to advance orders when calling with reporters. Half of the imports from Mexico, which are not in compliance with the USCMA, would also taxes according to the orders signed by Trump, the official said.

The Mexican President Claudia Sheinbaum has planned to announce all retaliation on Sunday, but Trump attributed it to her to have made progress in illegal immigration and drug smuggling as the reason for the again in the break of tariffs that were originally supposed to have an effect in February.

“I did this as accommodation and out of respect for President Sheinbaum,” said Trump about the social truth. “Our relationship was very good and we work hard together on the border.”

Trump's threats to Trump's numerous tariffs used the financial markets, reduced the trust of consumers and wrapped many companies into an uncertain atmosphere that could delay the attitude and investment.

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The large US stock markets dropped out briefly after trading secretary Howard Lutnick had introduced the months of breaks on CNBC on Thursday. The considerable declines already defined this week were resumed within an hour. The S&P 500 share index fell under the chosen Trump under Trump.

When asked whether the share of stock markets is due to his tariffs, Trump said: “Many of them are globalist countries and companies that do not do so well because we take back things that we took away from us many years ago.”

Trump also claimed that he “didn't even look at the market”, although in the past he asked how the stock market reacts to the reporters who cover it.

Sheinbaum said she and Trump “had an excellent and respectful call in which we agreed that our work and cooperation achieved unprecedented results” on a contribution on the social media platform X, formerly Twitter.

Mexico has excited Kartels, sent troops to the US border and 29 top cartel bosses, which were long pursued by American authorities in a few weeks, delivered 29 top cartel bosses.

At a press conference, Sheinbaum explained her call to Trump on Thursday and said that she told the president that Mexico would make great progress in fulfilling his security requirements.

“I told him that we would achieve results,” said Sheinbaum. But the USA imposed her tariffs, so she asked Trump: “How will we continue to cooperate and work with something that violates people in Mexico?”

She added that “practically all trade” between the USA and Mexico will be freed from the tariffs by April 2.

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From January to February, the amount of fentanyl seized at the border fell by more than 41 percent, according to the U.S.Col and border protection data. She quoted the DIP as an encounter with an obligation to Trump.

The Prime Minister of Ontario, Doug Ford, the leader of the most populous province of Canada, said that the province will request 25 percent more for electricity in the amount of 1.5 million Americans from Monday. Ontario offers electricity for Minnesota, New York and Michigan.

“This whole thing with President Trump is a chaos,” said Ford on Thursday. “With this postponement we have already downhill this street. He still threatens the tariffs on April 2. “

Ford's office said that the tariff would remain on the spot, even if there is a one -month reparation from the Americans. Ford said that Ontario's position will not change as long as the threat continues through tariffs.

Lutnick said that he would see the deaths of fentanyl overdoses in the USA as an important “metric” on which he will concentrate in the evaluation of Canada and Mexico to combat the synthetic opioid.

In his speech to a joint meeting of the congress on Tuesday evening, Trump showed the tariffs – which he also levied in China due to her role in fentanyl production – as a source for increasing prosperity and power for the United States.

However, most economists expect the import duties to send prices higher, slow down the economy and possibly cost jobs.

The Yale University's budget tablator estimated that the tariffs in Canada, China and Mexico increase inflation by a full percentage point, reduce growth by half a percentage point and cost the average budget of around $ 1,600 US dollars.

Trump seemed to recognize on Tuesday evening that there could be some pain: “There will be a little disorder, but we agree. It won't be much. “

Associated press authors Rob Gillies and Megan Janetsky contributed to this report. Janetsky reported from Mexico city. Gillies reported from Toronto.