President Donald Trump signed two executive orders on Thursday postponing 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. Anything that was covered under the U.S.-Mexico-Canada Agreement is exempt from the 25% tariff, until April 2, a White House official reports, including potash. There’s still the 10% energy tariff referring to the lower duty applied to Canadian energy exports. The president has also decided to reduce the duty rate that will apply to Canadian potash after April 2 to 10%. A senior administration official told reporters in the Oval Office that the decision was to protect American farmers. Around 38% of U.S. imports from Canada are covered by the USMCA agreement, while roughly half of those from Mexico are eligible, a senior administration official told reporters.
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