Trump pauses tariff imposition on Mexico and Canada

Published on: 2025/02/04 10:00

Trump pauses tariff imposition on Mexico and Canada
Sentences Mode

U.S. President Donald Trump's proposed tariffs on Canada and Mexico have been put on hold.

This comes after the two countries have agreed to put more troops on their borders with the U.S.

Ahn Sung-jin starts us off.

Less than a day ahead of Trump's imposition of 25-percent tariffs on Canada and Mexico, the tariffs have been postponed for at least a month.

Canadian Prime Minister Justin Trudeau on Monday local time posted on X that he had "a good call with President Trump" signaling that a deal has been struck.

The deal includes implementing a 1-point-3 billion U.S. dollar border plan which includes reinforcing the border with nearly 10-thousand front line personnel as well as strengthening resources to respond to fentanyl and money laundering.

The agreement with Canada comes only hours after Trump announced a similar deal with Mexico.

Just a day before U.S. tariffs were to take place, Mexico agreed to also place 10-thousand national guard troops along the U.S. border to prevent the flow of drugs.

"I told him we wanted him to pause the tariffs, so we reached that agreement. I'm sure that during this month we'll be able to deliver good results for his people and the people of Mexico."

Over the next month, the U.S. and Mexico will be negotiating on trade and security issues before a final decision on whether to implement full tariffs.

Meanwhile, Trump stated that he will be talking with China in less than 24 hours on deals regarding stopping the flow of fentanyl and the Panama Canal.

However, Beijing's ambassador to the United Nations, Fu Cong reaffirmed the country's position during a press conference at the UN headquarters stating that China will file a lawsuit with the World Trade Organization and implement countermeasures regarding Trump's tariffs.

Concerns over a global tariff war sparked by Trump are still high as he also warned of tariffs to the European Union.

"When targeted unfairly or arbitrarily, the European Union will respond firmly."

Whether these trial periods for Canada and Mexico will lead to successful tariff deals is unclear negotiations could see the U.S. adding on trade issues and concrete results may not appear regarding drug trafficking or illegal immigration issues.

Ahn Sung-jin, Arirang News.

Arirang news https://www.arirang.com/news/view?id=280330

Comments

You must be logged in to add a comment.