U.S. trade policy took another sharp turn this week as President Donald Trump suspended 25% tariffs on most goods from Canada and Mexico — but with a looming April 2 expiration date. The move marks the latest swing in a months-long cycle of unpredictable economic decisions that analysts warn could destabilize North American markets.
The tariffs, first introduced in February before being delayed, then reinstated March 4, were paused again March 5 following meetings with U.S. automakers. 'This isn't strategy — it's theater,' said Wang Yiwei, Director of Renmin University's Institute of International Affairs. 'The constant reversals reveal weakness, not strength.'
Canadian Prime Minister Justin Trudeau struck a defiant tone, calling the tensions 'a U.S.-launched trade war' and confirming retaliatory tariffs on $107 billion worth of American goods. Experts warn such measures could backfire globally. 'When trading partners push back,' Wang explained, 'U.S. industries and consumers ultimately pay the price.'
With automakers and agricultural sectors caught in the crossfire, businesses face mounting uncertainty. The White House has yet to clarify its long-term objectives, leaving markets braced for more volatility as the April deadline approaches.
