US President Donald Trump has made the decision to temporarily lift tariffs on Canada and Mexico, a move that aims to ease trade tensions and provide relief following market backlash. The suspension of tariffs is set to be in effect until April 2, with the automotive sector also receiving similar relief. However, it is important to note that broad tariffs on steel and aluminium will still be implemented next week, albeit with Canada and Mexico being partly affected by these measures. This development comes as a significant step towards resolving trade disputes and fostering better economic relations between the United States, Canada, and Mexico. Trump’s decision to temporarily lift tariffs is expected to have a positive impact on businesses and industries in all three countries, promoting smoother trade operations and potentially boosting economic growth. The move reflects a strategic effort to address trade imbalances and create a more conducive environment for international trade. Stay tuned for further updates on this evolving trade situation.