Tariffs on U.S., Canadian Goods Suspended Until March

President Trump announced that the additional 25% tariffs on Canadian goods slated to be effective on February 1 will be suspended for 30 days, hours after the announcement that the additional 25% tariffs on Mexican goods were  also suspended.

Canada Prime Minister Justin Trudeau reportedly has agreed to new commitments to target the flow of fentanyl across the US border while Mexico President Claudia Sheinbaum will send 10,000 troops to the U.S.-Mexico border to aid in the prevention of drug trafficking between the two countries, per the two leaders. Meanwhile, the U.S. will work to stop the trafficking of high-powered weapons to Mexico, Sheinbaum said.

“I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured,” Trump posted on social media. “FAIRNESS FOR ALL!”

Canadian Prime Minister Justin Trudeau posted Monday afternoon on X that the pause would occur “while we work together,” saying that his government would name a fentanyl czar, list Mexican cartels as terrorist groups and launch a “Canada-U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering.”

This action forestalls the application of tariffs for at least 30 days, while talks will be held to find a more permanent accord. This leaves only the additional 10% tariffs on Chinese goods to go into effect at midnight tonight.

Over the next month, U.S. officials, including Secretary of State Marco Rubio and Secretary of Commerce Howard Lutnick, will conduct negotiations with representatives from Mexico’s government to reach a deal between the two countries, Trump said Monday.