On February 3, 2025, President Trump delayed a 25% tariff on Mexico and Canada for 30 days. This came after both countries agreed to boost border security and fight drug trafficking.
What Changed?
- Mexico: Sending 10,000 troops to stop smuggling and illegal immigration.
- Canada: Appointing a “fentanyl czar” and working with the U.S. on crime prevention.
Why It Matters?
- Businesses get relief from price hikes, but tariffs may return.
- Trade talks continue to fix border and economic issues.
- China still faces a 10% tariff from the U.S.
The next month will decide if tariffs stay off.