The president of the United States, Donald Trump, is likely to exempt from tariffs, for a period of one month, products imported from Canada and Mexico under the terms of a free trade agreement those countries have signed with Washington, Commerce Secretary Howard Lutnik said today.

It is “likely” the exemption will apply to “all goods and services” covered by the ACEUM free trade agreement, Lutnick said, speaking on the CNBC television network.

Essentially, almost all products are imported from the two neighboring countries to the U.S.

As of Tuesday, the US imposed 25% tariffs on Canadian and Mexican products. Canadian hydrocarbons, which are taxed at 10%, are exempt.

Ottawa immediately announced similar tariffs on some US products and warned that the list would grow in the future. Mexico is also threatening countermeasures, but its final decision will be announced Sunday by President Claudia Sheinbaum.

On Wednesday, the US exempted automakers from tariffs for a month at their request.