Trump pauses tariffs on Canada and Mexico for at | Australian Markets
President Donald Trump has agreed to pause the implementation of deliberate tariffs on imports from Canada for no less than 30 days, Canadian Prime Minister Justin Trudeau says.
The pause was introduced in a single day Monday in a tweet by Mr Trudeau hours after Mr Trump and Mexico’s president stated Mr Trump would pause for one month deliberate tariffs on imports from Mexico.
Mr Trump on Saturday stated he would impose 25 per cent tariffs on items from Mexico and Canada, and 10 per cent tariffs on items imported from China. Trump had additionally deliberate to impose a 10 per cent tariff on power assets from Canada.
Mr Trudeau in his tweet stated “I just had a good call with President Trump”, and instructed that the pause on tariffs was in response to Canada’s settlement to focus on the movement of the lethal opioid fentanyl throughout the border into the US.
Mr Trump’s pause on tariffs on Mexican imports likewise got here after Mexico President Claudia Sheinbaum stated she would instantly ship 10,000 troopers to the US border to stop drug trafficking, fentanyl specifically, from Mexico.
Mr Trudeau stated Canada had made new commitments “to appoint a Fentanyl Czar”, amongst different measures.
“Proposed tariffs will be paused for at least 30 days while we work together,” Mr Trudeau wrote.
Mr Trump quickly after adopted up with a post on Fact Social.
“Canada has agreed to ensure we have a secure Northern Border, and to finally end the deadly scourge of drugs like Fentanyl that have been pouring into our Country, killing hundreds of thousands of Americans, while destroying their families and communities all across our Country.”
“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,” Trump wrote. “FAIRNESS FOR ALL!”
CNBC
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