Trump Delays Tariffs on Goods from Canada & Mexico

Forty-eight hours after imposing steep tariffs on imports from Canada and Mexico, U.S. President Donald Trump granted a month delay after both countries offered concessions.
An additional 10% levy on goods from China, however, remains in effect, and will be added to current taxes of up to 25%.
On February 1, Trump imposed 25% tariffs on imports from Canada and Mexico, and an additional 10% levy on goods from China. He penalized the nation’s three largest trading partners for what he said was their role in permitting illegal immigration and drugs to enter the U.S.
The issue of tariffs has divided U.S. fastener distributors.
Last November, a Fastener Distributor Index survey asked respondents about the impacts of potential tariffs on U.S. fastener markets.
A majority of distributors (56%) signaled support for Trump’s pledge to impose broad tariffs soon after taking office.
A plurality of respondents (43%) leaned towards “there will be mixed results, but I support,” with an additional 13% deciding tariffs “will help, I support.”
Resistance to widespread duties was also strong, with 40% of respondents opposing the proposed trade remedy.
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