Trump backs off Mexico, Canada tariffs after market blowback

U.S. President Donald Trump on Thursday (March 6, 2025) unveiled a temporary rollback to steep tariffs targeting Canada and Mexico, providing some reprieve to companies and consumers after sustained blowback on global markets.

After his sweeping tariffs of up to 25% on the two U.S. neighbours took effect Tuesday (March 4, 2025), stock markets tumbled, as economists warned that blanket tariffs could weigh on U.S. economic growth and raise inflation in the near-term.

source:thehindu.com