Brief by Shorts91 Newsdesk / 12:27pm on 07 Mar 2025,Friday International
U.S. President Donald Trump has temporarily halted tariffs on Canada and Mexico after stock markets tumbled. His 25% tariffs, imposed March 4, triggered concerns over inflation and supply chain disruptions. Trump denied linking his decision to market turmoil but acknowledged economic realities. The pause, effective until April 2, excludes steel and aluminum tariffs. Canadian PM Justin Trudeau vowed continued trade resistance, while Trump cited a "good" relationship with Mexico’s President Claudia Sheinbaum. The U.S. trade deficit surged 34% in January, fueling debates on Trump’s protectionist policies. Major tariff updates are expected next month.
