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Trump Imposes Impulsive Tariffs, Leaving Allies and Markets in Disarray

The White House released the text of Mr. Trump’s orders on Thursday evening, revealing that some tariffs, specifically those related to the US-Mexico-Canada trade agreement, were permanently suspended. Other tariffs were only temporarily postponed.

The announcement left most parties involved perplexed, suggesting that confusion might have been the intention.

As Mr. Trump issues tariff rulings only to retract them shortly afterward, world leaders make pleading calls, reminiscent of vassal states reaching out to a more powerful nation. Business leaders also join in, emphasizing that Mr. Trump is the key contact for matters involving trade from countries such as Canada or China.

President Trump responds as though he is providing relief, though not forgiveness. Unlike the usual meticulous discussion of tariffs by experts and aides, the decisions in the Trump administration are inconsistent, combining elements of impulse, strategy, and irritation. The reasons behind tariff imposition are subject to change, and the decisions to delay or waive them lack comprehensive explanations. Mr. Trump states that his choices are based on his most recent discussions.

In a press briefing at the Oval Office on Thursday, he commented, “This was a temporary agreement. The executives called me yesterday and asked for assistance with the tariffs due to the rapid pace. I agreed, but that’s all. They will need to return after the second of April.”

He quickly added, “I won’t be open to discussions after April 2.”

Whether he will stick to his decision remains uncertain. It could depend on market reactions or further pronouncements from the industry, similar to Target’s CEO Brian Cornell’s statement this week about potential price hikes on staples like avocados and lettuce due to the recent tariff adjustments.

Source: https://www.nytimes.com/2025/03/06/us/politics/tariffs-trump-mexico-canada-stock-market.html

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