US president says after speaking to Claudia Scheinbaum anything that falls under the US-Mexico-Canada-Agreement will be exempt from 25% levyThe White House announced that Donald Trump will sign executive orders at 2pm ET.While they did not specify what he may sign, the president is reported to be ready to order the closure of the department of education. Expect a court battle to ensue, since the department was created by Congress in 1980, but Trump is attempting to use his executive authority to shut it down. Continue reading...
President Trump signed an executive order exempting Canadian goods under the USMCA from a 25% tariff until April 2, while also delaying tariffs on Mexican goods. He emphasized readiness to impose reciprocal tariffs next month, potentially disrupting trade relations, and noted the interim period's benefits for American car manufacturers.
