MEXICO-U.S.-TRUMP-RECIPROCAL TARIFFS

Xinhua
03 Apr 2025, 15:15 GMT+10

(250403) -- MEXICO CITY, April 3, 2025 (Xinhua) -- This photo taken on April 2, 2025 shows the shop of a BMW dealer in Mexico City, Mexico.

U.S. President Donald Trump on Wednesday signed an executive order on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners.

A 25 percent tariff on foreign-made cars and light trucks also came into effect on early Thursday.

For Canada and Mexico, United States-Mexico-Canada Agreement (USMCA) compliant goods will continue to see a 0 percent tariff, non-USMCA compliant goods will see a 25 percent tariff, and non-USMCA compliant energy and potash will see a 10 percent tariff, according to the White House. (Photo by Francisco Canedo/Xinhua)

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