Trump Pauses Tariffs on Mexico and Canada, But Not China
U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada on Monday, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the two neighboring countries.
U.S. tariffs on China are still due to take effect today.
Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump’s demand to crack down on immigration and drug smuggling. That would pause 25% tariffs due to take effect today for 30 days.
Canada agreed to deploy new technology and personnel along its border with the United States and launch cooperative efforts to fight organized crime, fentanyl smuggling and money laundering. Mexico agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal migration and drugs.
Read more: Article from Reuters
One Negotiation with Trump, Done. On to Round 2
Canadians have been discussing for months what U.S. President Donald Trump may want from Canada. Is it limited to border adjustments, or does it involve more significant changes to the economy?
It turns out that both are factors.
After several months of intense discussions, Canada recently introduced a series of measures focused on border management and addressing drug trafficking.
Now, attention turns to the next phase. Trump has warned that tariffs could be reinstated in 30 days unless a new economic agreement with Canada is reached. He has emphasized the need for “FAIRNESS FOR ALL,” as posted on his social media.
It’s still early to determine the specifics of what the next round of negotiations will bring, but topics like dairy, auto parts, military spending, and even banking regulations have been mentioned.
Additionally, Trump issued a formal statement indicating that he will be monitoring progress at the Canadian border over the next month, with the possibility of more tariffs if progress isn’t made.
Read more: Article from CBC News