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Home»COMMERCE»BREAKING: Canada’s Trudeau Announces Agreement With Trump On Key Issues, Tariffs On Hold

BREAKING: Canada’s Trudeau Announces Agreement With Trump On Key Issues, Tariffs On Hold

By Jack DavisFebruary 3, 2025 COMMERCE
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Canadian Prime Minister Justin Trudeau announced late Monday that after a “good phone call” with President Donald Trump, the tariffs the White House imposed that were slated to go into effect at midnight have been postponed for 30 days while the two countries “worked together” to sort out differences. It comes after Mexican President Claudia Sheinbaum announced earlier in the day that she and Trump had also worked out some issues and tariffs that were scheduled to be implemented early Tuesday are also on hold now for at least a month.

“I just had a good call with President Trump. 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. Nearly 10,000 frontline personnel are and will be working on protecting the border,” Trudeau wrote on the X platform.

“In addition, Canada is making new commitments to appoint a Fentanyl Czar, we will list cartels as terrorists, ensure 24/7 eyes on the border, launch a Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering. I have also signed a new intelligence directive on organized crime and fentanyl and we will be backing it with $200 million,” he wrote, adding: “Proposed tariffs will be paused for at least 30 days while we work together.”

Earlier in the day, Sheinbaum announced on social media that Mexico would immediately deploy 10,000 members of the National Guard to reinforce its northern border in response to drug trafficking, particularly the flow of fentanyl into the U.S. In response, former President Trump shared his own post on social media, stating that the U.S. would continue its negotiations with Mexico regarding border security. The discussions will be led by Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick.

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