Updated on March 6, 2025, at 1:53 p.m.
President Donald Trump on Thursday postponed 25% tariffs on most goods from Mexico for a month amid widespread fears of the economic fallout from a broader trade war.
Trump’s announcement comes after his Commerce Secretary, Howard Lutnick, said earlier Thursday that tariffs on both Canada and Mexico would “likely” be delayed. No change was announced regarding new tariffs imposed on Canada, another major trading partner.
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