US President Donald Trump Delays Tariffs On Mexico And Canada, Says 'Big One' On April 2

Kevin Hassettnational Economic Council Director

I expect that this is going to be a glimpse of the golden age to come."

National Economic Council Director Kevin Hassett added

We’ve got more than a trillion dollars of commitments, some new factories in the U.S., because people are trying to onshore production, and this is the first of many reports that are going to look like this,

he told reporters

So that's not going to happen anymore. ... They'll be met with the exact same tariff unless they drop it, and that's what reciprocal means,

he continued

We created 10,000 manufacturing jobs in February alone. That hasn't happened in a long time. And these aren't government jobs, which actually we cut,

Trump bragged

Canada has been ripping us off for years on tariffs for lumber and for dairy products, 250% — nobody ever talks about that — 250% tariff which is taking advantage of our farmers,

Trump said

After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd.”

In his Truth Social post, Trump wrote

A pause on some tariffs means nothing. Until President Trump removes the threat of tariffs for good, we will be relentless,

Ford wrote in an X post

If you want to be a numbskull like Justin Trudeau and say ‘Oh, we’re going to do this,’ then tariffs are going to go up.”

Shortly after, US Treasury Secretary Scott Bessent said during an event in New York

I think we're going to have a recession before whatever succeeds in the future,

one investment manager said

It's a great growth economy,

he said, noting

Nothing to do with the market,

Trump said

Whether importers can or will start claiming USMCA remains to be seen, but it's a huge amount of money at stake,

he said

The market doesn't like them and certainly doesn't like the uncertainty surrounding them,

Lincicome told AFP

Wang Yi (politician)chinese Foreign Minister

The United States should not repay kindness with resentment, let alone impose tariffs without reason,

Chinese Foreign Minister Wang Yi said in Beijing

I will fight like I've never fought before ... We want to work with our American friends and allies, not against them. We said we'd never start a trade and tariff war with the U.S., but you better believe we're ready to win one."

Ford,

The only thing that's certain today is more uncertainty,

Ford wrote

I feel terrible [for moving forward with the tariffs],

he continued

It basically makes it more fair for our car manufacturers, during this short-term period before April 2nd—April 2nd is, uh, a little bit different, that will be much more significant. But during this interim period, between now and April 2nd, this makes it much more favorable for our American car manufacturers."

Trump, explaining the executive order to pause Canadian tariffs in the Oval Office on Thursday

The United States has agreed to suspend tariffs on CUSMA-compliant exports from Canada until April 2nd. As a result, Canada will not proceed with the second wave of tariffs on $125B of U.S. products until April 2nd, while we continue to work for the removal of all tariffs."

In a post on X, LeBlanc posted

The data is clear — travelers are expecting a shift in how they are received abroad,

said Dan Richards, CEO of the Global Rescue Companies, in a prepared statement