Trump administration signals Canada, Mexico tariffs may soon have exemptions

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Trump administration signals Canada, Mexico tariffs may soon have exemptions

^{Published on 2025-03-05 12:01:05 - MSN}

Commerce Secretary Howard Lutnick said there might be carve-outs coming to the 25% tariffs placed on Canada and Mexico by President Trump.

The Trump administration has indicated that it might soon offer exemptions to the steel and aluminum tariffs for Canada and Mexico, as reported by MSN Money. This potential policy shift comes amidst ongoing negotiations to revise the North American Free Trade Agreement (NAFTA). The tariffs, initially imposed citing national security concerns, have strained relations with these key trading partners. The exemptions could be contingent on progress in the NAFTA talks, aiming to reduce trade tensions and possibly secure a better deal for the U.S. This move reflects a strategic adjustment in trade policy, balancing economic pressures with diplomatic relations.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/trump-administration-signals-canada-mexico-tariffs-may-soon-have-exemptions/ar-AA1AjkUh ]

N@N

Trump administration signals Canada, Mexico tariffs may soon have exemptions