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Trump sets new limits on Musk’s downsizing and pauses some Mexican and Canadian tariffs

March 21, 2025
in Market & News
Reading Time: 1 min read
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President Trump announced a major change today on the tariffs he imposed on Mexico and Canada just earlier this week. For goods that come in under the USMCA, tariffs are now delayed until April 2nd. Then, Trump said cabinet secretaries will be in charge of layoffs at their agencies, writing that he wants them to use a “scalpel” not a “hatchet.” Trump praised Musk’s Department of Government Efficiency for its cuts to federal spending, but also said he wants to “keep good people” in the federal workforce. NBC News’ Christine Romans and Gabe Gutierrez reports.

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