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In a significant shift in U.S. trade policy, President Donald Trump announced on February 3, 2025, a one-month delay on the proposed 25% tariffs against Canada and Mexico. This decision follows urgent negotiations with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum, both aimed at strengthening border security measures regarding migrants and fentanyl trafficking, according to officials.
Trump characterized the diplomatic developments as positive, expressing satisfaction with the agreements reached during his discussions with the two leaders. Canadian officials, in response to the delay, indicated that they would deploy 10,000 guards to bolster border security. Meanwhile, Mexico’s cooperation in these negotiations appears to have influenced Trump’s decision to postpone their tariffs as well.
The tariffs had threatened to ignite a trade war, prompting concerns from various sectors in North America. As a countermeasure, Canadian officials previously threatened 25% retaliatory tariffs against U.S. goods if the original tariffs were enacted, showcasing the potential for escalating trade conflicts.