Most Canadian and Mexican vehicles are subject to a 25 percent tariff rate only on the non-U.S. content in them. U.S. content is defined in Trump's presidential proclamation as the value of parts "wholly obtained, produced entirely, or substantially transformed in the United States."

President Donald Trump’s sudden change to tariff policy on Wednesday won’t affect the rates that currently apply Canadian and Mexican products, according to a White House official.

The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said. The United States' 25% tariff on goods it imports from Mexico and Canada that are not covered under the region's USMCA trade pact remains in effect,

It’s a pattern we’ve seen for the last two months, including when the president surprised markets in early March with his apparent intent to move forward with tariffs on Canada and Mexico: Mr. Trump announces tariffs,

President Donald Trump threatened fresh tariffs and possibly sanctions on Mexico, escalating a dispute about water at the US southern border.

A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.

When it comes to tariffs, President Trump is a creature of habit. He first rolls out new levies with bluster. He claims they will solve a major problem: They’ll help stop fentanyl trafficking across the Mexican and Canadian borders.

U.S. stocks surged on Wednesday after President Donald Trump temporarily pulled back on most tariffs, deescalating trade war