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Trump Pauses Tariffs on Mexico and Canada

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Trump Pauses Tariffs on Mexico and Canada

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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.