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Balanced Reporting. Trusted Insights.
Wednesday, April 02, 2025
President Donald Trump postponed tariffs for products arriving from Mexico and Canada that are covered by a North American trade pact by a month, while lowering the duty to be applied to potash imports.
China slaps new tariffs on a raft of U.S. agriculture and food exports following new duties. Canada implements the first step of its two-step retaliation plan, while Lutnick teases a potential deal with the U.S.' neighbors.
President Donald Trump told reporters on Wednesday that new tariffs on Mexico and Canada would go into effect April 2, almost a month later than anticipated, but White House officials later walked it back, insisting the March 4 date still holds.
The Mexican government on Wednesday repealed an import ban on genetically edited corn after the U.S. successfully argued the measure violates its commitments under a North American free trade deal.
President Donald Trump has delayed new tariffs set to go into effect on Mexico and Canada at midnight after speaking with both countries’ leaders on Monday and securing commitments to bolster border security.
Canada will meet new 25% U.S. tariffs by adopting equivalent duties on $155 billion of U.S. goods, including a slate of agricultural products. Mexico is proceeding with its own retaliation.
Mexico will likely overturn its import ban on genetically engineered corn but enact a domestic planting ban into law, President Claudia Sheinbaum said after a USMCA dispute panel sided with the U.S. last week.
The Mexican government is stressing the benefits of the U.S.-Mexico-Canada Agreement to the United States amid President-elect Donald Trump’s tariff threats and preparations for the trade deal's forthcoming review – in which market access for U.S. agriculture could feature prominently.
Figures from across the agriculture industry have responded to President-elect Trump’s pick for U.S. trade representative, Jamieson Greer, by pushing him to pursue new market access opportunities for American farmers.
Mexican President Claudia Sheinbaum touted efforts to substitute Chinese imports with locally produced alternatives and downplayed comments from Canadian policymakers that raised questions over Mexico’s future in a North American trade pact.
