US suspends tariffs on Mexico and Canada

The president of the United States, Donald Trump, signed an executive order imposing tariffs of 25% on products imported from Mexico and Canada. 

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The president of the United States, Donald Trump, signed on Saturday 1st of February an executive order imposing tariffs of 25% on products imported from Mexico and Canada. By doing so, Trump fulfilled one of his main campaign promises.

He indicated that the products should be manufactured in the US. Indeed, the country should not lose « billions of dollars in subsidizing other countries ». « Will there be any pain? Yes, perhaps, (and maybe not). But we will make America great again, and it will be worth the cost that we have to pay », he announced.

Three days after the announcement, the president of the US, suspended for 30 days the high tariffs. Last-minute negotiations with his two neighbors are ongoing.

The mexican president Sheinbaum wins time 

Throughout this trade crisis, President Claudia Sheinbaum has called for « cool-headed » and « calm ». Following a phone call early in the morning with President Trump, an agreement to pause tariffs for 30 days was announced. This agreement not only includes commerce matters but also addresses border security. Claudia Sheinbaum agreed to send National Guard troops to the border to focus on fentanyl smuggling. Trump « promised » that the U.S. would fight high-powered arms traffic. Thus, preventing them from falling into the hands of the Cartels.

The Prime Minister Trudeau achieves a truce

Hours after the announcement of Mexico’s tariff break, the Canadian government announced the same 30-day break.

In addition to the issue of tariffs, fentanyl trafficking and organized crime were discussed. Justin Trudeau announced that they would take border security measures such as the use of surveillance drones and helicopters to patrol the border between the two countries.

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