US President Donald Trump recently announced the temporary lifting of tariffs on Canada and Mexico, a move aimed at easing trade tensions and providing relief after facing market backlash. The suspension of tariffs is set to be effective until April 2, offering a temporary reprieve. This decision comes following a similar relief provided in the automotive sector. However, it’s important to note that broad tariffs on steel and aluminum will still be implemented next week, with Canada and Mexico remaining partly affected by the ongoing trade disputes between the countries. The move is expected to have a significant impact on the global trade scenario and is being closely monitored by experts and analysts.