this post was submitted on 04 Feb 2025
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Mexico and Canada announce one-month pause in threatened Trump tariffs (www.aljazeera.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
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Author: Unknown
Published on: 03/02/2025 | 00:00:00

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Mexican President Claudia Sheinbaum was the first to reveal the pause. The three countries confirmed they had struck agreements delaying the tariffs in social media posts. Mexico would send 10,000 National Guard troops to its northern border to prevent drug trafficking. Trudeau made several concessions to the US. The tariff pauses stave off two fronts of a brewing global trade war percolated by Trump. After his victory in November, Trump unveiled a proposal for 25-percent tariffs. 1,256 US items would be subject to tariffs, including key exports from states with a large proportion of Trump voters. "This is a choice that, yes, will harm Canadians," Trump says. Trump has pledged a 10-percent increase on tariffs for China. Experts have repeatedly warned that increased prices would eventually be felt by US consumers. In a post on Truth Social, Trump acknowledged there could be domestic blowback to the plan.

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