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Donald Trump speaks Justin Trudeau, pauses tariffs on Canada
President Donald Trump announced Monday that proposed U.S. tariffs on Canadian goods have been paused for 30 days, citing efforts by Canadian leaders to secure the border.
The announcement followed an afternoon call between Trump and Canadian Prime Minister Justin Trudeau. Trump had threatened 25% tariffs on all Canadian goods beginning this week unless the country did more to stop the flow of unauthorized migrants and fentanyl into the U.S.
Trudeau said in a statement that Canada is spending $1.3 billion on “reinforcing the border.” Roughly 10,000 “frontline personnel are and will be” working on border protection, the country is appointing a “Fentanyl Czar” and will designate drug cartels as terrorists, Trudeau said. He added that Canada would spend $200 million on a new intelligence program targeted at organized crime and fentanyl.
On the platform he owns, Truth Social, Trump said he was very pleased with the deal, noting “As President, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that.”
Trump also paused proposed 25% tariffs on Mexico Monday after reaching a deal with Mexican President Claudia Scheinbaum Pardo for more border enforcement.
The announcements averted an immediate trade war between the U.S. and two of its closest allies that had spooked investors. The S&P 500 stock index dropped in early trading Monday but recovered some of its losses after the Mexico deal was announced.
In a recent diplomatic development, President Donald Trump has decided to pause tariffs on Canada after speaking with Prime Minister Justin Trudeau. This decision comes after weeks of tensions between the two countries over trade issues.
During the phone call, Trump and Trudeau reportedly discussed the importance of maintaining a strong economic relationship between the United States and Canada. The two leaders also discussed the ongoing negotiations over the USMCA trade deal, which aims to modernize the North American Free Trade Agreement.
The decision to pause tariffs on Canada is seen as a positive step towards resolving the trade disputes between the two countries. It is hoped that this move will help to de-escalate tensions and pave the way for more fruitful negotiations in the future.
Overall, this development is a welcome one for both countries and demonstrates the importance of open communication and diplomacy in resolving international disputes. It remains to be seen what the future holds for US-Canada trade relations, but for now, it seems that tensions have eased thanks to this important conversation between Trump and Trudeau.
Tags:
- Donald Trump
- Justin Trudeau
- Tariffs on Canada
- US-Canada relations
- Trade negotiations
- International diplomacy
- Economic impact
- North American trade
- Trump administration
- Trudeau government
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