WASHINGTON (AP) - President Donald Trump's threatened tariffs against Canada and Mexico - now on hold for a month - risked blowing up North America's economy. What did the United States get out of his deals to pause the import taxes against the two nations? Not all that much, according to people outside the administration looking at the agreements.
What did US get from deals to pause tariffs on Canada and Mexico? Not that much, observers say
WASHINGTON (AP) - President Donald Trump's threatened tariffs against Canada and Mexico - now on hold for a month - risked blowing up North America's economy. What did the United States get out of his deals to pause the import taxes against the two nations?
Not all that much, according to people outside the administration looking at the agreements.
The U.S. president has been openly pugnacious with America’s two largest trade partners. His orders to impose a 25% tariff on all imports from Mexico and on most imports from Canada, with a lesser 10% tax on its energy products, created a sudden political and economic firestorm. Separately, 10% tariffs went into effect on China on Tuesday.
By agreeing to the pause for Mexico and Canada, Trump has been able to tell his supporters that he brokered a smart deal and to declare victory in addressing illegal immigration and drug trafficking. Canada will have a new "fentanyl czar," and Mexico pledged to deploy 10,000 members of its National Guard. The White House sent out an email with 68 Republican lawmakers praising him after the pauses were announced.