Tariff reprieve for Canada too, for now
Following the announcement of another one-month postponement of tariffs on imports from Mexico to the US on March 6, Canada has also won breathing space.
Several hours after US president Donald Trump said applying tariffs of 25% on all imports from Mexico would cease for now and begin again on April 2, he announced a similar halt for Canada.
This postponement applies to imports of products that were previously able to cross into the US tariff-free under existing North American trade agreements. Canada said in response that it would put retaliatory tariffs on US imports on hold too.
Canadian beef and hides are among the products caught up in the trade confusion.
According to Statistics Canada, the country exported 3.1 million cattle hides and veal skins in 2024 with a value of more than $140 million Canadian dollars.
This raw material went to 17 different export markets, with China taking the biggest volume. But 90,406 hides went to the US and 87,039 to Mexico.
