The President of the United States, Donald Trump, could exempt “USMCA products” until next April 2. 

This possible new postponement was announced Thursday by U.S. Commerce Secretary Howard Lutnick in an interview with CNBC.

The day before, Trump announced a one-month pause in the 25% tariff on U.S. imports of automobiles from Canada and Mexico.

However, he set a condition. Those imports must comply with USMCA rules of origin.

USMCA products

“My expectation is that the President will reach an agreement today, and I expect we will announce it today, that USMCA compliant products will be tariff-free for the next month until April 2,” Lutnick said.

“It’s likely to cover all USMCA-compliant goods and services, so those that are part of President Trump’s agreement with Canada and Mexico are likely to get an exemption from those tariffs. The extension is for one month,” he added.

First pause

Since March 4, the United States has been charging a 25% across-the-board tariff on imports of products originating in Mexico and Canada. While Canadian goods from the energy sector face a 10 percent tariff.

Previously, the Trump Administration negotiated with both governments to avoid the 25% tariff. But after failing to reach an agreement, that reprieve ended on March 3.