Trump tariffs reaction as it happened: US delays 25% tariffs on Canada and Mexico but keeps 10% levy on China

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Financial Times 2d ago

Trump tariffs reaction as it happened: US delays 25% tariffs on Canada and Mexico but keeps 10% levy on China - Financial Times

Quick Summary:

The Mexican peso leapt into positive territory after President Claudia Sheinbaum said US tariffs were on hold, reversing earlier losses to trade 0.3 per cent higher in London afternoon trading.

US natural gas prices rose 9 per cent on Monday on forecasts of an incoming winter storm and concerns over President Donald Trump’s new tariffs on Canadian imports.

US President Donald Trump has said he is looking for a “final economic deal” with Canada during the 30-day pause on tariffs.“I am very pleased with this initial outcome,” Trump posted on his Truth Social platform.“Canada has agreed to ensure we have a secure Northern Border, and to finally end the deadly scourge of drugs like Fentanyl.“The Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured,” Trump continued.