Shantou Yitong International Forwarding Co.Ltd.

Shantou Yitong International Forwarding Co.Ltd.

Trump announces hold on tariffs on Canada and Mexico

2025 02/05

On February 3, local time, the decision was made to suspend tariffs on Canadian products for a minimum of 30 days. In response, Canada revoked its retaliatory tariffs and put a border plan into action. Earlier the same day, following a call between the US President and Mexican President Zinbaum, the United States and Mexico agreed to halt tariff increments for one month to proceed with negotiations. Mexico will deploy 10,000 National Guard troops to bolster the northern border patrol. The United States has pledged to prevent the smuggling of high-powered weapons into Mexico, with joint teams from both nations commencing work on the same day.
 
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