U.S. Trade Tariffs with Canada and Mexico

SOURCE www.cnbc.com
President Trump agrees to pause planned U.S. tariffs on imports from Canada for at least 30 days after Canada commits to steps against fentanyl trafficking. Similar pause with Mexico after Mexico agrees to send 10,000 soldiers to northern border.

Key Points

  • Tariffs on imports from Canada and Mexico paused for 30 days
  • Canada commits to new measures to prevent fentanyl trafficking
  • Mexico to send 10,000 soldiers to northern border to stem fentanyl shipments

Pros

  • Tariffs paused for at least 30 days
  • Steps taken to prevent fentanyl trafficking

Cons

  • Potential economic impact of tariffs