Tue Jan 21 03:20:31 IST 2025: ## Trump Delays Broad Tariffs, Launches Trade Reviews of China, Canada, and Mexico

**Washington, D.C.** – President Donald Trump will not impose immediate tariffs on imports, opting instead for a measured approach to trade policy, according to a Trump administration official. While he has previously threatened steep tariffs on goods from China, Canada, and Mexico, his first official trade memo directs federal agencies to conduct thorough reviews of US trade relationships with these three nations.

This decision sparked a global stock market rally and a weakening of the US dollar against major currencies. The announcement came as a relief to many who feared immediate economic upheaval from sweeping tariff impositions.

Trump’s inaugural address reiterated his commitment to overhauling the US trade system, vowing to “tax foreign countries to enrich our citizens,” and to restore America’s manufacturing dominance. Although he made no specific tariff announcements, the memo signals that his administration will focus on investigating and remedying trade deficits and addressing unfair trade practices.

The memo specifically targets China, demanding assessment of Beijing’s compliance with the 2020 trade deal, and both Canada and Mexico for scrutiny regarding the USMCA (United States-Mexico-Canada Agreement). The potential for significant US tariffs on goods from Canada, which sends 75% of its exports to the US, has prompted concern from Canadian officials, who have warned of retaliatory measures.

While the immediate tariff threat is averted, experts remain divided on the long-term implications. Some believe this measured approach reflects a pragmatic response to market concerns, while others anticipate that the President will eventually pursue his previously stated goal of broad global tariffs. This strategy mirrors Trump’s first term, where investigations under Section 232 (national security) and Section 301 (unfair trade practices) laws led to lengthy probes and ultimately, the imposition of tariffs on steel, aluminum, and Chinese goods. The new administration’s approach, therefore, is expected to involve similar investigations before any significant tariff changes are implemented.

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