Trump pauses tariffs on Canada imports for 30 days after doing the same for Mexico [View all]
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 Mexico’s 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 Trump’s 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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