In a move that’s shaking up North American trade dynamics, U.S. President Donald Trump announced a 30-day pause on tariffs targeting Canada and Mexico while negotiations continue. The decision comes after a weekend of escalating trade tensions and swift retaliatory measures.
🔑 What’s new? Canada has pledged a $1.3 billion border security plan to combat drug trafficking, particularly fentanyl, while boosting surveillance and personnel. A new cross-border 'Joint Strike Force' will tackle organized crime and money laundering, backed by $200 million in funding. 'Very pleased with this initial outcome,' Trump posted on Truth Social.
🇨🇦 Canadian PM Justin Trudeau confirmed the tariff pause on X, emphasizing 'nearly 10,000 frontline personnel' will guard the border. Mexico also secured a 30-day pause after President Claudia Sheinbaum’s 'friendly' call with Trump.
💥 The U.S. had imposed 25% tariffs on Canadian imports Saturday, sparking immediate retaliation via $107B in tariffs on American goods. Meanwhile, a separate 10% tariff hike on Chinese imports remains in effect.
Will the pause lead to a lasting deal? Stay tuned as talks unfold! 🚨
