President Donald Trump on Monday held off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts.
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Trump on Saturday had directed that 25 percent tariffs on most imports from the two American partners — and 10 percent on Canadian energy products — go into effect at midnight Tuesday. The two nations threatened retaliation of their own, raising the prospects of a broader regional trade war.
In a statement on X, Canadian Prime Minister Justin Trudeau said that on a call with Trump he pledged additional cooperation on border security. It follows similar moves by Mexico earlier Monday.
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“Proposed tariffs will be paused for at least 30 days while we work together,” Trudeau said.
