Daily developments in international trade relations driven by U.S. trade tariffs continue as President Trump temporarily suspended tariffs between the U.S. and its North American neighbors, Canada and Mexico, according to the New York Times. This pause follows an agreement to strengthen border and crime enforcement efforts, addressing U.S. concerns about immigration and drug smuggling. The agreement, reached after discussions between President Trump, Canadian Prime Minister Justin Trudeau, and Mexican President Claudia Sheinbaum, has led to a 30-day halt of the proposed 25% tariffs. The trade tariffs, announced by President Trump on Feb. 1, Initially included a 25% levy on Canadian and Mexican goods before the pause and a 10% tariff on energy products from Canada and Chinese imports.
