President Donald Trump Monday postponed his planned tariffs on Mexico and Canada for 30 days after both nations agreed to strengthen border security efforts.
The move comes after Trump initially ordered that 25% tariffs on most imports from the two countries — along with a 10% tariff on Canadian energy products — would take effect at midnight Tuesday. Both nations had threatened retaliation, raising concerns about a broader regional trade war.
World Trade Center San Diego, the international arm of San Diego Regional Economic Development Corporation (EDC), is closely watching the ongoing tariffs coming down from the Trump Administration.
Nikia Clarke, chief strategy officer at EDC, which oversees the World Trade Center, highlighted in a statement the deep integration of local industries with North American trade and emphasized the organization’s commitment to supporting companies.
“We know that this will be a volatile period for the North American supply chains that enable this region to compete globally,” Clarke said. “We have been here before.”
Here in San Diego, from medical devices to semiconductors and consumer goods, our supply chains are so integrated that 40% of what we import from Mexico was made by American workers in the first place.”
“Our job in this moment is to be agile and creative in helping firms of every size — who have played by the rules and made significant investments in this country and its neighbors — to navigate uncertainty, continue to reach their customers and suppliers, and maintain jobs and supply chains in our most critical industries.”
Associated Press and Elizabeth Ireland contributed to this article.
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