Short-term gains
The recent 30-day suspension of American tariffs on Mexican and Canadian goods underscores the unpredictability of trade policy under US President Donald Trump.
The recent 30-day suspension of American tariffs on Mexican and Canadian goods underscores the unpredictability of trade policy under US President Donald Trump.
United States President Donald Trump has agreed to delay punishing tariffs on all exports from Canada and Mexico, which resulted in a threat of retaliatory tariffs from Canada.
India’s reduction in import tariffs is being positioned as a move toward greater trade openness in the midst of a major global trade war launched by the US which threatens to target more countries.
Trade wars are not fought with missiles and tanks, but their impact can be just as devastating. They are battles waged with numbers, policy manoeuvres, and, often, a touch of political bravado.
US tariff hikes on Mexico will be delayed by a month, President Donald Trump announced on Monday indicating a “deal” could be coming. Conversations with Canada are also underway, as Trump spoke with Justin Trudeau.
It is still unclear that if the poisonings are related to the new coronavirus lockdowns.
Mexico will continue to promote regional cooperation through institutional mechanisms, it added.
Monday's extension was expected after Canadian Prime Minister Justin Trudeau on Saturday said that the U.S.-Canada restrictions would remain in place.
The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.
Police and soldiers who responded to the report found 18 people dead at the scene and two more injured, one of whom died later at hospital.
