Mexico, Canada Exempted From New US Levy as USMCA Risk Looms (2)

The US Supreme Court’s decision to strike down many of Donald Trump’s tariffs offers some relief to Mexico and Canada, but a much bigger set of risks still hangs over the trade relationship that joins the three countries.

The president said Friday afternoon the US would impose a 10% levy on foreign goods under a different law. It took several hours before the White House clarified it’s leaving in place an exemption for many goods shipped under the US-Mexico-Canada Agreement.

On Saturday morning, Trump said in social media post that the global tariff would be raised to 15%. The ...