Trump delays tariffs on most goods from Mexico for a month
Washington, Mar 6 (AP): President Donald Trump said Thursday that he has postponed 25 per cent tariffs on most goods from Mexico for a month after a conversation with that country's president.
Trump's announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would “likely" be delayed.
This is the second one-month postponement Trump has announced since first unveiling the import taxes in early February. The reprieve would apply to goods that are compliant with the trade agreement Trump negotiated with Canada and Mexico in his first term.
“We are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl,” Trump said on Truth Social.
Trump's on-again, off-again tariffs threats have roiled financial markets, lowered consumer confidence, and enveloped many businesses in an uncertain atmosphere that could delay hiring and investment.
Lutnick emphasised that reciprocal tariffs, in which the United States applies import taxes on countries that tariff US exports, will still be implemented April 2.
US markets bounced of their lows for the day shortly after Lutnick spoke.
Also Thursday, Canadian Prime Minister Justin Trudeau indicated that he expects his country will be in a trade war with the United States for the foreseeable future.
Trudeau said the broader month-long pause “aligns with some of the conversations that we have been having with administration officials.”
The Canadian leader said the move by the Trump administration was a “promising sign,” but it also “means that the tariffs remain in place and therefore our response will remain in place.”
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Dr Boby Chemmanur felicitated at Vidhana Soudha by Speaker UT Khader for world record run
Bengaluru: Dr Boby Chemmanur was felicitated by Karnataka Legislative Assembly Speaker U.T. Khader Fareed at a special function held at Vidhana Soudha.
Dr Chemmanur, popularly known as “BoChe”, was honoured for successfully completing an 812-kilometre run aimed at spreading the message of world peace. The achievement earned him recognition in the Unique World Records and the Guinness World Records.
Dr Chemmanur has also received several prestigious awards and honours, including the Mother Teresa Award, for his contributions to social service.
Speaker U.T. Khader also spoke about Dr Chemmanur’s achievement in the Legislative Assembly and congratulated him for the accomplishment.
Deputy Speaker Rudrappa Lamani, Agriculture Minister Cheluvarayaswamy and MLA and Chief Minister’s legal advisor Ponnanna were present on the occasion.
