President Donald Trump on Thursday signed executive actions that delay for nearly one month tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty, a significant walkback of the administration’s signature economic plan that has rattled markets,

President Donald Trump would then need to sign the measure into law. “The shutdown would allow DOGE to shift into overdr

The 25% tariffs on all goods from Canada and Mexico join an additional 10% increase in tariffs on goods from China, making that now a 20% tax on imported goods from that trading partner.

Many imports from Canada and Mexico will be exempt from tariffs, as the president quickly reversed a sweeping trade action taken just two days ago after market turmoil.

President Donald Trump teased that tariffs could climb higher over time while responding to Maria Bartiromo's questions about business leaders' desire for predictability.

Starting just past midnight, imports from Canada and Mexico are now to be taxed at 25%, with Canadian energy products subject to 10% import duties.

President Donald Trump has justified tariffs on Canadian imports by citing a flood of smuggled fentanyl. But nearly all of the powerful opioid is smuggled from Mexico.

The president has launched a trade war seeking to quell the flow of illegal immigrants and the illegal trafficking of drugs and rebalance trade.

President Trump is locked in a tit-for-tat tariff war with Canada, Mexico, the European Union and China in a bid to remake the US economy for the long term – and some early winners and losers have already emerged.