The tariff exemptions for Washington’s two largest trading partners were set to expire on April 2—the date Trump had threatened to impose broader retaliatory duties on all US trade partners.
In response, Canada postponed plans to introduce a second wave of retaliatory tariffs on US goods worth 125 billion Canadian dollars (87.4 billion USD) until April 2, Finance Minister Dominic LeBlanc announced on X.
— Dominic LeBlanc (@DLeBlancNB) March 6, 2025
Under the White House’s revised decision, potash—a key fertilizer for American farmers—was exempted from tariffs. However, energy products were not fully excluded, with Trump imposing a separate 10% tax on them.
The tariffs follow Trump’s January 20 national emergency declaration—made on his inauguration day—citing a rise in fentanyl overdose deaths. He accused China of exporting the deadly opioid into the US via Canada and Mexico, prompting him to impose a 20% tariff on all Chinese imports.
Additionally, Trump announced that automobiles would be exempt from the 25% tariffs on Canadian and Mexican imports—a move economists viewed as necessary to prevent inflationary pressure and economic disruption across all three countries.
Mexico has yet to issue an official response, though President Claudia Sheinbaum held a phone call with Trump, during which he agreed to delay the tariffs.
Sources from Canada and Mexico told Reuters that officials in both countries are frustrated with the negotiations, citing a lack of clarity from Washington that has made reaching a final agreement increasingly difficult.
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