Trump’s tariff ‘delay’ is a confusing mess
CNN
President Donald Trump did not totally reverse the 25% tariffs he enacted earlier this month on just about every Mexican and Canadian good shipped to the United States.
President Donald Trump did not totally reverse the 25% tariffs he enacted earlier this month on just about every Mexican and Canadian good shipped to the United States. Although he announced a tariff delay on Thursday through April 2, that was far from a complete pause. The devil is in one big detail: To avoid tariffs during the delay, goods coming from Mexico and Canada must comply with the USMCA free trade treaty that Trump signed during his first term. As it stands, only around 50% of the goods the US imports from Mexico and 38% of the goods from Canada comply with USMCA terms, a senior administration official said on a call with reporters. With the exception of some Canadian energy imports and potash, a key component in fertilizer, goods coming from the two countries that don’t comply with USMCA could still face 25% tariffs, or higher. But trade is extraordinarily complicated, with various products sometimes receiving different duties depending on weight, content or other defining characteristics. Without much time to adapt before Trump’s policy officially kicks in April 2 – unless it’s delayed again – it’s unclear even to experts and government officials what products are getting taxed at what amounts. Dan Gardner, president of Trade Facilitators, Inc., a Los Angeles-based consulting firm specializing in global logistics as well as US trade compliance, was left puzzled by the administration’s action.
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