US backtracks on Canada-Mexico tariffs in latest sharp shift on trade
Move would expand one-month carve-out for car imports to include all USMCA-compliant goods
Read more at Financial Times
Topics
-
US to raise tariffs on China and push ahead with Canada and Mexico levies
Donald Trump says duties on biggest trading partners to take effect on March 4Financial Times - 6d -
US hints that tariffs on Mexico and Canada could be lower than 25%
Commerce secretary Howard Lutnick says levies will take effect on Tuesday but Trump is still deciding ratesFinancial Times - 4d -
Trump will 'probably' cut Mexico and Canada tariffs - US commerce chief
Canada's Minister of Foreign Affairs told the BBC's Newsnight her office had not been contacted about the plan.BBC News - 1d -
Trump temporarily spares carmakers from US tariffs on Canada and Mexico
After a call with top executives at GM, Ford and Stellantis, president approves one-month exemption from tariffs. US politics live – latest updates Donald Trump has temporarily spared ...The Guardian - 1d -
Trump administration backtracks from latest Musk storm
The Trump administration on Monday appeared to be quickly retreating from Elon Musk's demand that all federal workers send an email by the end of the day highlighting their achievements or resign. ...The Hill - Feb. 24 -
Trump tariffs will hit over $200 billion in U.S.-Canada-Mexico cross-border rail trade
Over $200 billion in trade is carried by freight rails between the US, Canada and Mexico, with auto parts, oil, lumber, ag, and chemicals linking the economies.CNBC - 6d -
US tariffs on Canada and Mexico coming Tuesday but may not be 25%, commerce chief says
‘That is a fluid situation,’ Howard Lutnick says in first indication that administration may not impose full tariffs. Donald Trump ’s commerce secretary, Howard Lutnick, said on Sunday that US ...The Guardian - 3d -
Trump administration briefing: Vance defends US position on Ukraine; tariffs hit Canada, Mexico and China
China and Canada retaliate after tariffs come into effect – key US politics stories from Monday at a glance. Donald Trump has paused military aid to Ukraine following his clash with the country’s ...The Guardian - 2d -
Vance blasts Canada on drug trade as tariffs begin
Vice President JD Vance is calling out Canada, suggesting the U.S. ally needs to do more to prevent drugs from entering the country through its border. CBS News' Olivia Rinaldi reports on the ...CBS News - 2d
More from Financial Times
-
US stocks sink on tech weakness and tariff confusion
Wall Street extends slide sparked by fears over economic impact of Donald Trump’s on-off trade warFinancial Times - 2h -
Trump has undermined US economic exceptionalism
The president’s chaotic policies are squandering a decent inheritanceFinancial Times - 1h -
How much does Brookfield really make?
One of the world’s most complex financial conglomerates is attracting scrutiny for circular flows of cash involving its global property portfolioFinancial Times - 14h -
British politics has yet to catch up with Trump’s new order
In a world without US security guarantees, all other priorities must give way to defenceFinancial Times - 7h -
EU leaders endorse new defence funding initiatives
Europe’s backing for Kyiv faces resistance from Orbán as Trump turns US-European relations on their headFinancial Times - 9h
More in Business
-
U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says
Trump has launched a maximum pressure campaign on Iran but has also said he wants to negotiate a nuclear deal with the Islamic Republic.CNBC - 22m -
Marvell plunges 18% as outlook falls short of high expectations
Marvell Technology shares plummeted more than 18% after the chipmaker's guidance fell short of some elevated buyside estimates.CNBC - 23m -
Why 10-year Treasury note, dollar are getting hit by Germany’s spending plans
Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy, ...MarketWatch - 23m -
Women's pro tennis introduces paid maternity leave funded by Saudi sovereign wealth fund
Eligible players will receive up to 12 months of paid maternity leave and will have access to grants to cover fertility conception and egg freezing treatments.CNBC - 27m -
E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead
Vows by European leaders in increase borrowing to ramp up military spending have reshaped the fiscal picture that the central bank must confront.The New York Times - 32m