U.S. Delays Tariff Implementation on Mexico
Mexico Secures a Delay in Tariffs
Mexican President Claudia Sheinbaum announced that the U.S. will suspend the introduction of tariffs on Mexican goods for one month. Donald Trump confirmed the agreement, stating that "it was a friendly conversation, during which Mexico agreed to immediately deploy 10,000 soldiers to the border." The two countries will hold negotiations within the next month, potentially adjusting trade restrictions.
Canada and China Respond
???????? Canada has confirmed reciprocal countermeasures and additional non-tariff restrictions.
???????? China has yet to announce specific actions but has already filed a protest through the World Trade Organization (WTO).
Meanwhile, the Canadian dollar has plummeted against the U.S. dollar, and Canadian retailers have begun labeling products with "Made in Canada" as part of a boycott against American goods.
China Imposes Retaliatory Tariffs
In response to the 10% tariffs on Chinese imports imposed by the U.S., China’s State Council has announced new countermeasures:
- 10% tariffs on U.S. oil, automobiles, and agricultural machinery
- 15% tariffs on U.S. coal and liquefied natural gas (LNG)
These tariffs will take effect on February 10, according to Bloomberg.
Photo: © Depositphotos/wadiifekar
