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TARIFFS TO CANADA PAUSE FOR 30 DAYS AS AGREEMENT IS DISCUSSED
By JOSH BOAK, FABIOLA SÁNCHEZ and ROB GILLIES, Associated Press

WASHINGTON -- President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America's two largest trading partners took steps to appease his concerns about border security and drug trafficking.

The pauses provide a cool-down period after a tumultuous few days that put North America on the cusp of a trade war that could have crushed economic growth, caused prices to soar and ended two of the United States' most critical partnerships.

"Proposed tariffs will be paused for at least 30 days while we work together," Canadian Prime Minister Justin Trudeau posted Monday afternoon on X, saying that his government would name a fentanyl czar, list Mexican cartels as terrorist groups and launch a "Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering."

The White House confirmed the pause to the United States, which followed a similar move with Mexico that allows for a period of negotiations about drug smuggling and illegal immigration.

There is a risk that the tariffs could still come into effect, leaving the global economy uncertain about whether a crisis has been averted or if a possible catastrophe could still be coming in the weeks ahead.

Trump on Saturday had directed 25% tariffs on imports from Mexico and Canada, with another 10% tariff on Canadian oil, natural gas and electricity. He also ordered an additional 10% tax on imports from China.

All of the tariffs were scheduled to start at midnight Tuesday. Canada and Mexico threatened retaliation, raising the prospects of a broader regional trade war.

To read the entire article click here.


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