News / Tariff truce for Canada and Mexico – China retaliates, but lightly

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Donald Trump’s use of tariffs for leverage and ‘deal-making’ was proven yesterday when those to be imposed on Canada and Mexico today were postponed following security pledges from the US’s two neighbours. 

China, however, retaliated with a broad package of its own measures after 10% was added to tariffs on Chinese imports.

The $800 de minimis exemption is also suspended, which is expected to severely hit ecommerce traffic. The US Customs & Border Protection agencyhas outlined the full rules here.

China’s ministry ...