Trump delays Mexico tariffs for a month after talks, Canada negotiations stall
Washington: US President Donald Trump has postponed tariffs on Mexico for a month following negotiations, but discussions with Canada remain unresolved, raising concerns about a potential global trade war.
Following talks on Monday, Trump and Mexican President Claudia Sheinbaum announced the tariff freeze and agreed to deploy 10,000 troops to the US-Mexico border.
Trump, in a post on his Truth Social platform, said he had “very friendly conversations” and had “agreed to immediately stop the anticipated tariffs for a period of one month.”
Sheinbaum confirmed the decision, stating that she had a “good conversation with President Trump with great respect for our relationship and sovereignty.”
Trump signs executive order imposing tariffs on Mexico, Canada, and China
US President Donald Trump signed an executive order on Saturday (February 1) imposing a 25% tariff on goods from Mexico and Canada, with a reduced 10% tariff on Canadian energy resources. The order also includes a 10% tariff on imports from China.
The tariffs were set to take effect at midnight on Tuesday, but the development has surfaced ahead of the scheduled implementation.