GuShiio.com According to Bloomberg, U.S. President Donald Trump announced a one-month moratorium on new tariffs on cars from Canada and Mexico after U.S. automakers strongly opposed the 25% tariff, warning it could lead to a sharp rise in car prices and disrupt supply chains. The White House said the moratorium would apply to vehicles that meet U.S. -Mexico Agreement (USMCA) rules, but reciprocal tariffs would still be implemented on April 2. At the same time, Trump spoke on the phone with Canadian Prime Minister Justin Trudeau about border policy and fentanyl smuggling, but no consensus was reached.
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