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News in English (USA) / 05.02.2025 / 01:00

Tariffs on Canada and Mexico Paused Amidst Trade Negotiations

In a significant turn of events, the U.S. has agreed to pause proposed tariffs on Canada and Mexico for a month, following pledges from both countries to enhance border enforcement measures. Mexican troops have been deployed to the border as part of the deal, and both Mexico and Canada have worked out different strategies to address the tariff situation with Donald Trump. Despite some viewing this as a victory for Trump, critics argue that he effectively blinked under pressure, especially as the trade war with China escalates. The tariff pause is expected to alleviate concerns among industries, particularly in the auto sector, and has had a positive impact on global markets. Nevertheless, analysts remain cautious about the long-term implications of this trade negotiation.
The New York Times, BBC.com, Reuters Canada, The Washington Post, ABC News, 9News, FX Empire, Business Standard, CNN, The Associated Press