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Mexico, Canada tariffs paused by President Donald Trump NBC Chicago [Video]

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Canadian Economy and Markets

Significant changes to the impending tariffs announced by President Donald Trump occurred Monday as both Canada and Mexico were granted a pause.

However, tariffs on China were slated to begin early Tuesday.

Just hours before a trade war was set to begin, Mexico and Canada received a 30-day break from tariffs, which didn’t just affect Wall Street but also set the tone for what could be a crazy couple of months, according to transportation expert and DePaul University professor Joe Schwieterman.

“I’ve been watching transportation all my life, and I don’t recall a situation like this…where suddenly all the rules change about manufacturing, production could change in an instant..” he said. “There was full-blown panic there.”

Mexico’s President Claudia Sheinbaum made concessions along the border. She agreed to place 10,000 soldiers permanently on Mexico’s side of the border to address drug trafficking, specifically fentanyl.

While talks continue, Canada’s Prime Minister Justin Trudeau said he too would beef up border security, including …

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