Trump's Tariff Threats on Mexico and Canada Put on Hold, Markets Breathe Sigh of Relief
2025-02-03
The Independent
The proposed 25% tariff on Mexican and Canadian imports, which threatened to raise taxes for Americans, has been delayed after a series of phone calls between President Trump and leaders from the two countries. This development comes as a relief to stock markets, which had been rocked by the initial threats. The delay is seen as a positive move, averting a potential trade war and its impact on global trade and economic growth. With trade tensions easing, investors are cautiously optimistic, keeping a close eye on future developments. Key issues like trade agreements and tariffs remain a concern, but for now, the delay is a welcome respite.