Tariffs on imports from Mexico and Canada

SOURCE www.npr.org
President Trump has paused tariffs on imports from Mexico and Canada in exchange for promises of increased border security measures. The threat of a wider trade war has drawn opposition from U.S. business groups.

Key Points

  • Mexico agreed to send National Guard troops to help police the Southern border
  • Canada taking steps to curb flow of illegal fentanyl and immigration
  • Business groups warned against tariffs due to potential negative impact

Pros

  • Increased border security measures promised by Mexico and Canada
  • Avoidance of potential trade war
  • Relief for U.S. businesses and consumers

Cons

  • Uncertainty remains for the next 30 days
  • Potential impact on U.S. exporters from retaliatory measures
  • Concerns about price increases for U.S. consumers