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Trade & Tariffs Paused Announced
25% Canada/Mexico tariffs paused, then USMCA goods exempted
USMCA-compliant goods (≈38% of Canadian, ≈50% of Mexican imports) exempted
Original action
Announced 25% tariffs on goods from Mexico and Canada (with a lower rate on Canadian energy), to take effect in early February 2025.
- White House
Reversal
Paused the tariffs for one month after agreements with both countries, then on March 6 exempted all USMCA-compliant goods from the tariffs.
- Mechanism: administrative-action
Notes
Sequence of pause then carve-out; baseline tariff threats persisted for non-USMCA goods.