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Trump pauses tariffs on Mexico and Canada after reaching new deals

2025/02/04/08:48
in US politics
Reading Time: 3 mins read
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Trump pauses tariffs on Mexico and Canada after reaching new deals
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On Monday, the US suspended trade tariffs against Mexico – the same happened for Canada after President Donald Trump and Prime Minister Justin Trudeau spoke.

– A huge sigh of relief – hours from disaster, says SVT’s US correspondent Fouad Youcefi.

After today’s second conversation between US President Donald Trump and Canadian Prime Minister Justin Trudeau, the news came that the US trade tariffs against Canada are being postponed for 30 days.

– This is a huge sigh of relief for millions of Canadians who have been worried about the trade tariffs, which are estimated to be able to paralyze the Canadian economy if they were to last for a long time, says SVT’s US correspondent Fouad Youcefi.

In a post on X, Justin Trudeau states that he has agreed with Donald Trump that Canada will increase its commitment at the border between the countries.

To appoint a “fentanyl chief”

“Canada is implementing our $1.3 billion border plan that strengthens the border. We are strengthening it with technology, helicopters and personnel. “Nearly 10,000 people will work to protect the border,” Trudeau wrote in the post.

It is an initiative that Canada has already announced.

In addition to the increased border patrol, Canada is now also promising to appoint a “fentanyl boss,” designate cartels as terrorists, and launch a new joint law enforcement effort with the United States targeting organized crime, fentanyl, and money laundering.

In a post on the Truth Social app, US President Donald Trump confirms the agreement.

“As President, it is my responsibility to ensure that all Americans are safe, and that is exactly what I am doing. I am very pleased with this initial result,” Trump wrote, adding that negotiations between the countries will now continue.

The threat remains
Earlier on Monday, it was announced that the punitive tariffs against Mexico would be postponed in the same way.

  • Remember, this is 30 days, so the threat continues to hang over Mexico and Canada. And over the Americans who have to pay when it becomes more expensive to import for American companies, says Fouad Youcefi.

The third country that Trump has threatened with punitive tariffs, China, is still living in uncertainty. According to the White House, Donald Trump will talk to Chinese President Xi Jinping within the next 24 hours.

Donald Trump has promised Americans that he will lower taxes in the US, and he will do so with the help of tariffs.

– If there are no tariffs against Canada, China or Mexico, Trump will have all the more reason to introduce tariffs against other parties, for example Europe, says Fouad Youcefi.

Source: svt

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