The two nations threatened retaliation of their own, raising the prospects of a broader regional trade war with the U.S. In a statement on X, Canadian Prime Minister Justin Trudeau said that on a call with Trump, he pledged additional cooperation on border security.
The flags of Mexico, Canada and the United States are shown near the Ambassador Bridge, Monday, Feb. 3, 2025, in Detroit. 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.
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. FILE - U.S. President Donald Trump, left, and Canadian Prime Minister Justin Trudeau talk before a NATO round table meeting at The Grove hotel and resort in Watford, Hertfordshire, England, Dec. 4, 2019. Trudeau said Monday that the 'proposed tariffs will be paused for at least 30 days while we work together.' Trump’s signing of tariff orders for the three nations set off alarms among investors, lawmakers, businesses and consumers.
In 2019, when Mexico’s government also avoided tariffs from Trump’s administration, the government announced it would send 15,000 soldiers to its northern border. The U.S. president also indicated that more import taxes could be coming against China: “If we can’t make a deal with China, then the tariffs will be very, very substantial.”
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