President Trump gives one-month moratorium on Canada and Mexico tariffs, starting April 2

On the 6th (local time), US President Trump announced that he would suspend tariffs on Canadian and Mexican goods imposed under the US-Mexico-Canada Trade Agreement (USMCA) until April 2nd.
However, he noted that this is only a short-term measure, and that the full-scale tariffs will be "reciprocal tariffs" starting on April 2. Although it seems like a step back, President Trump is still planning to impose strong tariffs.
President Trump announced in the Oval Office of the White House on the same day that he would waive the 25% tariffs imposed on Canada and Mexico from the 4th until April 2nd.
President Trump signed an executive order to improve the situation in Mexico. The Trump Administration commended Mexico for its efforts to prevent illegal entry into the United States and the flow of fentanyl. President Trump also endorsed Mexico's Shane
After speaking with President Baum, Canadian Prime Minister Trudeau, and executives from the three largest U.S. auto companies, the decision was made to lower the tariffs.
President Trump has extended the tariffs for one month, but only on products that comply with the USMCA.
So not all goods will be exempt from the 25% tariffs. White House officials say only about 50% of imports from Mexico and 38% from Canada are in compliance with the USMCA.
This means that roughly 50% of imports from Mexico and more than 60% of Canadian products will still be subject to the 25% tariff, CNBC reported.
The parts are in compliance with the USMCA and the tariffs will be suspended for one month. However, this tariff suspension is likely to be short-term. President Trump said, "This is a short-term measure."
"I told the auto executives not to ask for a bailout again," he said.