U.S. President Donald Trump’s tariffs against Canada and Mexico led to retaliatory taxes by both countries on U.S. imports. Trump said the tariffs on the two neighboring countries were designed to stop illegal immigration and the illicit fentanyl trade. He also placed an additional 10% tariff on imports from China with the stated goal of stopping the production of fentanyl. The AP’s Cara Rubinsky explains (AP Video / Feb. 3, 2025)
By Josh Boak, Rob Gillies And Fabiola Sánchez The Associated Press
WASHINGTON (AP) — President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking.
The pauses provide a cool-down period after a tumultuous few days that put North America on the cusp of a trade warthat risked crushing economic growth, causing prices …
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