Trump pauses tariffs on Canada imports for 30 days after doing the same for Mexico
Source: CNBC
Published Mon, Feb 3 2025 4:41 PM EST Updated 25 Min Ago
President Donald Trump on Monday agreed to pause the implementation of planned U.S. tariffs on imports from Canada for at least 30 days, Canadian Prime Minister Justin Trudeau said.
The pause was announced in a tweet by Trudeau hours after Trump and Mexicos president said Trump would pause for one month planned tariffs on imports from Mexico. In both cases, the pauses came after those countries agreed to take steps toward preventing the trafficking of the deadly opioid fentanyl into the United States.
Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China. Trump had also planned to impose a 10% tariff on energy resources from Canada.
Trudeau on Saturday warned that his country would implement a 25% tariff against $155 billion in U.S. goods in retaliation for Trumps tariffs.
Read more: https://www.cnbc.com/2025/02/03/trump-canada-tariffs-trudeau.html
This was probably the plan all along per that Reuters article and since it leaked, they had to scramble...
Article updated.
Previous article/headline -
Published Mon, Feb 3 2025 4:41 PM EST Updated 2 Min Ago
President Donald Trump on Monday agreed to pause the implementation of planned tariffs on imports for at least 30 days, Canadian Prime Minister Justin Trudeau said.
The pause was announced in a tweet by Trudeau hours after Trump and Mexico's president said Trump would pause for one month planned tariffs on imports from Mexico.
Trump on Saturday said he would impose 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China.
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Original article -
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Docreed2003
(18,045 posts)Greeeeaaat. Who could have predicted this?
Joe Cool
(1,044 posts)Trump knows if he loses the investor class, hes toast.
RussBLib
(9,791 posts)......he's even dumber than I thought. His stupidity knows no bounds.
https://russblib.blogspot.com
Bernardo de La Paz
(52,373 posts)He will make other demands, keep upping the ante like his fake "Art of the Deal".
It seems like banking is the next thing he's going to try to get. Canada has strict banking and bank licensing regulations, so we haven't had the US kind of big bank failures and bailouts.
Marthe48
(19,950 posts)Imposing tariffs, pausing them, will be such an attention getter. I expect lunatic threats the rest of the time felon traitor is the figurehead. Not just everyone in America, but everyone in the world will have to watch him smear shit on the wall.
Will there be incremental damage? I read that China made a deal with another country to buy soy beans. I read that Doug Ford in Canada will not allow companies in Ontario to make new deals with U.S. companies. (I might not be entirely accurate on the details of the stories) Will actions like these be reversible? Are the tariffs on China and Venezuala still in place? Will traitor felon use tariffs as a cudgel on other countries? Will the EU ally itself with more relaiable and stable trading partners, such as BRICS? Do other countries really want to bob and weave as traitor felon flails his way around the ecomonic arena?
As for the rest of us, try to stock up when the felon is eying other ways to create havoc. I feel little less threatened knowing I have a store of dried goods is a good anti-anxiety remedy.
This is a ridiculous situation.
Bengus81
(7,873 posts)Make a shit load of profit and dump your shares. Rinse and repeat.
Let me guess, P2025 also wants to do a Bush Jr and reduce the capital gains tax to zero.
D. Spaulding
(118 posts)and just embolden him to continue this reckless strategy. Canada already implemented major border changes and increased funding in December. Why doesn't Trudeau emphasis that and quit letting Trump make him look weak?
BumRushDaShow
(146,840 posts)Who have been become the "powerhouses" are the Provincial leaders (and the ones running for party leader).
Ohioboy
(3,567 posts)He's claiming he got what he wanted from Canada because they've agreed to help keep fentanyl from crossing the northern border.
Sounds like Canada called his bluff and he backed down to me.
NoonTimeRag
(35 posts)Canada has folded on a lot of things and Trump pretty much got what he wanted using economic force here. If so that's why he did this.
Prairie Gates
(3,991 posts)
NoonTimeRag
(35 posts)To get what he wanted with other nations. The real focus is on immigrants and slashing the federal government.
Prairie Gates
(3,991 posts)johnnyfins
(1,669 posts)Carlitos Brigante
(26,759 posts)also, a rapist who's totally into his own daughter. So, there's that. Worls leaders know that if they stroke his ego a little bit they can manipulate him.
Bernardo de La Paz
(52,373 posts)angrychair
(10,115 posts)Those websites?
Here is the AP link: https://apnews.com/article/trump-tariffs-canada-mexico-china-sheinbaum-trudeau-017efa8c3343b8d2a9444f7e65356ae9
This totally leaves the reader with the impression that Canada made serious concessions.
Sorry, I'm not buying this bullshit that they had to do it. Tell him to get fucked and call his bluff on Tariffs.
The moment is gone and because he only paused it he will be able to keep squeezing them for concessions and they will keep being cowards and giving into him
Bernardo de La Paz
(52,373 posts)Don't worry, Canada is ready for tariffs at any instant. Yes, I expect tRump to play it out for a long time. He likes to keep it in the news and seems really determined to bring in tariffs all over the place.
What was agreed to was what Canada began doing in December.
moonshinegnomie
(3,040 posts)travelingthrulife
(1,469 posts)Did he also ask for fewer border troops from Canada?
Javaman
(63,321 posts)he thought he could just wave his hand and the world would follow.
fucking moron.
groundloop
(12,485 posts)Ulbricht was convicted in 2015 for selling dangerous narcotics and money laundering. He was serving a life sentence until tRump pardoned him.
Keep reminding all of your magat acquaintances of that fact when they fawn over tRump's "accomplishments".
travelingthrulife
(1,469 posts)Maybe Musk won't be able to get his next government handout if he fires everyone responsible for producing it.
purr-rat beauty
(625 posts)...to stem the flow of fentanyl from coming over the border, what about U.S. ports of entry? Why are they never mentioned? We know damn well that drugs are smuggled via ship/jet - commercial or private but never do we hear how the gov't will approach that.
Tarzanrock
(598 posts)Of course, the Shitgibbon "folded" his cards in Canada as well. The Turd had no choice but to ignominiously fold his tariff bluff cards. So much for his fucked-up economic "tariffs" bluff. Now, the Turd is the laughingstock of the entire world as no one is going to be "bluffed" again by the Turd. Xi and the Chinese Communists are laughing their asses off at the buffoonish Turd. Maybe, China will give him (or his daughter) another meaningless Chinese "copyright" to soothe the Turd's "feelings?"
The Turd's insane economic behavior has now tagged that economic albatross to his face. He now owns whatever happens to the U.S. economy. He can't blame Hillary or Obama or Biden or Kamala anymore -- it's now his untrained and uncontrollable puppy which is now pissing all over the American carpeting. Even his whacko cult now knows, beyond any doubt, that he is the owner of this economic albatross -- and it is going to get worse for him -- a lot fucking worse!
birdographer
(2,664 posts)until you got to his cult knowing he is a weak toddler. Oh, no, we have many months left till his cult even begins to grasp who they voted for. Keep in mind that they are getting NO information regarding the responses of Canada and Mexico, his negotiations with themall they are hearing is that he is their mob boss Dear Leader and Savior and is putting the rest of the world in its place. They dont know what tariffs are. They have no idea how threatened our economy is. They are wandering around in a fog of Donny fairy dust, thinking that all is well now that their Savior is in place. It will be a long time before they even begin to understand.
LauraInLA
(1,708 posts)What did he announce that Canada has given him?
Sorry I will look this up, but I thought someone might already have the answer.
BumRushDaShow
(146,840 posts)Mexico ALREADY surged troops while Biden was in office and Trudeau sent out something on Xitter (it was in the OP article but I didn't include it there or in the OP comments as DU hates them) regarding what their plans were -
Link to tweet
@JustinTrudeau
I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly 10,000 frontline personnel are and will be working on protecting the border.
In addition, Canada is making new commitments to appoint a Fentanyl Czar, we will list cartels as terrorists, ensure 24/7 eyes on the border, launch a Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering. I have also signed a new intelligence directive on organized crime and fentanyl and we will be backing it with $200 million.
Proposed tariffs will be paused for at least 30 days while we work together.
4:36 PM · Feb 3, 2025
LauraInLA
(1,708 posts)border security plan theyd already begun. And according to CBC, The prime minister also made a series of new commitments to Trump, including a promise to appoint a new fentanyl "czar." And he promised to list Mexican cartels, one of the top purveyors of fentanyl and other drugs in Canada and the U.S., as terrorists under Canadian law.
Trudeau said Canada is launching a "Canada-U.S. Joint Strike Force," that will be tasked with combatting organized crime and money laundering and he's kicking in $200 million in funding to get it off the ground.
So stupid, especially considering less than 100 pounds came in from Canada last year.
moonshinegnomie
(3,040 posts)once again the fat turd got played for a fool
https://www.canada.ca/en/public-safety-canada/news/2024/12/the-government-of-canadas-border-plan-significant-investments-to-strengthen-border-security-and-our-immigration-system.html
tanyev
(45,275 posts)Theyre done with Donny.
birdographer
(2,664 posts)They can cut the power to the state of Maine. I think Trudeau is trying to bend a knee to donny just to try to keep the total destruction of their trade and their economy to a minimum. In other words, he is thinking of his people, his citizens, his country, and what is best for them, even if he has to swallow his pride to do it.
RhapsodyFav
(17 posts)Some kind of distraction or ego stroking. And I really wonder if the SEC is going to investigate all the short selling during this time period?
travelingthrulife
(1,469 posts)They are all soulless cult members. They are on board with the dissolution of the united States government.
underpants
(188,433 posts)This is embarrassing
quakerboy
(14,276 posts)News grabbers to keep people from focusing musk and his nominees are doing.
travelingthrulife
(1,469 posts)Footay
(70 posts)Currently in Mexico on vacation. The news here is focused on the flow of guns into Mexico from US. Funny how thats not being mentioned in the US news probably because it would be considered gun control. Not sure exactly what he agreed to.
BumRushDaShow
(146,840 posts)From CNBC's article -
AND Mexico's lawsuit against the gun manufacturers here has been in the news as the SCOTUS will be reviewing -
Supreme Court will weigh Mexicos $10 billion lawsuit against U.S. gun makers
travelingthrulife
(1,469 posts)He might actually be interested in doing this though since a dictator cannot allow citizens to have guns that might point at him.
yardwork
(65,368 posts)I think that's why the news didn't report it at first. Nobody knew about it at first.
ananda
(31,207 posts)???