President Trump Halts Tariff For 30 Days On Mexico And Canada, But Not China

<p>US President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada, in return for concessions on border and crime enforcement with the two neighboring countries, The Associated Press reported.</p> <p>Both Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau said they agreed to bolster border enforcement efforts in response to Trump&rsquo;s demand to crack down on immigration and drug smuggling.</p> <p>In a post on Truth Social, Trump posted, "I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States. These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country. We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico. I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a &ldquo;deal&rdquo; between our two Countries."</p> <p>Earlier, Mexican President took to X and said that she had a good conversation with President Trump with great respect for their relationship and sovereignty.&nbsp; She added that they have reached a series of agreements among which Mexico will reinforce the northern border with 10,000 members of the National Guard immediately, to prevent drug trafficking from Mexico to the United States, particularly fentanyl. She also said that their teams will begin working today on two fronts, security and trade. She informed that the tariffs will be paused for one month from now.</p> <p>While suspending tariff on Canada, Trump said, "As President, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that. I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured. FAIRNESS FOR ALL!"</p> <p>Trump on Saturday had directed 25% tariffs on imports from Mexico and Canada, with another 10% tariff on Canadian oil, natural gas and electricity. The US president had repeatedly previewed these moves, yet they still managed to shock many investors, lawmakers, businesses and consumers. US tariffs on China are still due to take effect within hours.</p>

from ‘Worth The Price’: Trump Justifies Tariffs, Says Canada Wouldn't Exist As 'Viable Country' Without US Subsidy https://ift.tt/QGU89Ek
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