After saying 25% tariffs on numerous imports from Canada and Mexico, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum made last-minute offers with President Trump to postpone the motion for 30 days.
As a part of the pause, Mexico agreed to take these actions:
- 10,000 members of the Mexican Nationwide Guard can be deployed to the U.S.-Mexico border to stem the circulate of fentanyl and unlawful migrants into america.
- The formation of two teams with U.S. officers — one targeted on safety and one targeted on commerce.
Canada agreed to:
- Proceed a border plan launched in December that may ship Black Hawk helicopters, drones and high-tech safety tools to the border, in addition to 10,000 “frontline personnel.”
- Set up a fentanyl czar and commit 200 million Canadian {dollars} for intelligence gathering on drug cartels and gangs and formally labeling these teams as terrorists.
I simply had a superb name with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, know-how and personnel, enhanced coordination with our American companions, and elevated assets to cease the circulate of fentanyl. Almost…
— Justin Trudeau (@JustinTrudeau) February 3, 2025
No deal has been struck with China as of Tuesday morning, as a 10% tariff on all imports from China takes impact. China introduced retaliatory tariffs on U.S. items — 15% tariff on coal and liquefied pure gasoline merchandise, in addition to a ten% tariff on crude oil, agricultural equipment and large-engine vehicles — that will go into impact on Monday.
In search of a unique tackle Trump’s tariffs? Learn this: Billionaires, Industry Leaders, and Execs Urge Trump to Rethink ‘Devastating’ Tariffs on Canada and Mexico
A White Home spokesperson mentioned Trump has plans to talk with Chinese language President Xi Jinping later this week.
When requested a couple of Wall Street Journal’s editorial that referred to as Trump’s tariff techniques “the dumbest commerce battle in historical past,” Trump told reporters gathered in the Oval Office, “Not solely is it not dumb, you are going to see, you are going to see each single a kind of nations is dying to make a deal.”
Leon J. Topalian, CEO of Nucor Corp., the biggest metal producer within the U.S., celebrated Trump tariffs in a statement: “Nucor applauds the primary steps taken by President Trump in his America First Commerce Agenda,” he wrote. “We sit up for working with President Trump to implement our commerce legal guidelines and strengthen American manufacturing.”
