Trump tariffs: US expands exemptions to Canada and Mexico tariffs

Trump said he was granting the two US neighbours a temporary exemption on tariffs that he imposed two days ago.

British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingAudioPodcastsRadioAudio FAQsVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveWeatherNewslettersTrump expands exemptions from Canada and Mexico tariffs7 hours agoShareSaveNatalie Sherman & Michael RaceBBC Business reportersShareSaveWatch: Trump signs order pausing some Mexico and Canada tariffsUS President Donald Trump has signed orders significantly expanding the goods exempted from his new tariffs on Canada and Mexico that were imposed this week.

It is the second time in two days that Trump has rolled back his taxes on imports from the US's two biggest trade partners, measures that have raised uncertainty for businesses and worried financial markets.

On Wednesday, he said he would temporarily spare carmakers from 25% import levies just a day after they came into effect.

Mexican President Claudia Sheinbaum thanked Trump for the move, while Canada's finance minister said the country would in turn hold off on its threatened second round of retaliatory tariffs on US products.

Canadian Prime Minister Justin Trudeau said on Thursday morning he had had a "colourful" conversation about tariffs in a phone call with Trump.

https://www.bbc.com/news/articles/c5y03qleevvo

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