The U.S. partially pulled back tariffs on goods from Mexico and Canada after market declines and lobbying by companies.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. partially pulled back tariffs on goods from Mexico and Canada
00:05after market declines and lobbying by companies.
00:08The temporary reprieve, effective for more than one month,
00:11affects 25% of tariffs on a range of goods,
00:14but leaves unresolved trade tensions, with some goods still subject to new duties.
00:18Canadian Prime Minister Justin Trudeau warned of a prolonged trade war.
00:22Tariff rollbacks followed pressure from the U.S. automakers
00:25and a push to bring supply chains back to the U.S.
00:27While markets remain jittery with recession fears,
00:30some lawmakers are uncertain whether the tariffs are intended to combat fentanyl trafficking,
00:35reassuring manufacturing, or serve another purpose.
00:38For all things money, visit Benzinga.com.