Canada, Mexico exempted from Trump’s new tariff regime

The Donald Trump administration announced on Wednesday that Canada and Mexico will be exempt from the baseline 10 per cent tariff rate, as well as reciprocal levies for specific countries, for now.

The 10 per cent tariff will only take effect when the original 25 per cent duties Trump imposed on Canadian and Mexican imports are either terminated or suspended.

The 25 per cent tariff was based on allegations that the neighbouring countries were failing to stem the flow of…