Update: Trump pauses tariffs on Canada
In a late-night decision, the Trump Administration is pausing the implementation of a planned 25% tariff on imports from Canada.
Canada's prime minister, Justin Trudeau, said the. tariffs on his country’s goods would be postponed by 30 days as negotiations on a border deal took place. In a tweet, Trudeau said “I just had a good call with President Trump."
Canada had detailed its new border plan on an official web page on Dec. 18, nearly two months before Trump announced the tariffs.
"Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl,” Trudeau wrote in his tweet on Monday.
Trudeau on Saturday warned that his country would implement a 25% tariff against $155 billion in U.S. goods in retaliation for Trump’s tariffs.
The pause comes after a similar one month pause was announced for Mexico, where the administration was also planning to place a 25% tariff on imported goods.
"The announcement that tariffs for Mexico and Canada have been delayed is good news," stated David French, executive VP of government relations, National Retail Federation. "It is important that these talks continue in earnest with tangible results so that our long history of cooperation with our North American neighbors continues, and that massive new tariffs are seen only as a measure of last resort."
