Mexican President Claudia Sheinbaum holds a news conference at the National Palace in Mexico City on March 6 after a phone call with U.S. President Donald Trump. © Reuters
WASHINGTON (Reuters) -- U.S. President Donald Trump suspended on Thursday the 25% tariffs he imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed financial markets and fanned worries over inflation and a growth slowdown.
The exemptions, covering the two largest U.S. trading partners, expire on April 2 when Trump has threatened to impose a global regime of reciprocal tariffs on all U.S. trading partners.