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President Donald Trump granted temporary tariff exemptions for Canadian and Mexican goods covered by the North American trade agreement known as USMCA until April 2.
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About 50% of Mexican imports and 38% of Canadian imports are covered by the trade agreement, according to a White House official.
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Trump is poised to enact “reciprocal tariffs” April 2 on foreign nations that have import taxes on U.S. goods.
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Mexican President Claudia Sheinbaum said Mexico should be spared when such reciprocal tariffs come into effect. Canadian Prime Minister Justin Trudeau said his goal remains to get “all tariffs removed.”
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Thursday’s tariff exceptions excluded those imposed on China. The country is standing tough, saying it’s prepared to fight “any type of war” with the U.S.