[Sgt_Apone]

Seems they reversed course on that. Or, they don’t know what they’re doing.

> It's been a confusing day.

> As Verity said, it turns out Canada and Mexico are not getting a new 10 per cent tariff after all.

> The White House reversed its earlier announcement in a new statement just now. Here's the bottom line: No new developments for Canada and Mexico today.

> That means there are still worldwide 25 per cent tariffs on steel and aluminum, on some auto parts in North America, and on some goods traded within North America outside the rules of the Canada-U.S.-Mexico Agreement on trade (CUSMA).

> The bottom line here: Trump is starting an economic war on China, and U.S. allies are all taking some friendly fire. But a large swath of Canadian trade is spared.

https://www.cbc.ca/news/world/livestory/trump-pauses-most-gl...

[ilamont]

> Or, they don’t know what they’re doing.

Occam's Razor.

[magicreadu]

They know what they are doing. The goal is decoupling from China. They raised tariffs on everyone to see which countries stood with US and which stood with China. Once each country has made their allegiance clear, they delay the deadline to give more time for negotiation. They likely want every ally to raise their tariffs on China to be very very high, to avoid any more transshipping from China.

[matt-p]

But the EU announced retaliatory tarrifs, just they weren't yet in effect. Why did they get off scot free?

[Vilian]

They are gambling that the rest of the world aren't going to coordinate against USA, let's see