Mexican President Claudia Sheinbaum said Monday that the 25% tariff U.S. President Donald Trump planned to impose is on hold for a month following a conversation between the neighboring countries’ leaders Monday morning.
Later in the day, Canadian Prime Minister Justin Trudeau wrote on social media that tariffs on his country would also be paused for 30 days after multiple phone calls with Trump.
Both leaders agreed to send thousands of military and other personnel to help secure their respective borders with the United States and boost cooperation with U.S. border authorities.
What You Need To Know
- Mexican President Claudia Sheinbaum said Monday that the 25% tariff U.S. President Donald Trump planned to impose is on hold following a conversation between the neighboring countries’ leaders Monday morning
- Later in the day, Canadian Prime Minister Justin Trudeau wrote on social media that tariffs on his country would also be paused for 30 days after multiple phone calls with Trump
- Trump on Saturday had directed that 25% tariffs on most imports from the two American partners — and 10% on Canadian energy products — go into effect at midnight Tuesday
- The two nations threatened retaliation of their own, raising the prospects of a broader regional trade war
Trump on Saturday had directed that 25% tariffs on most imports from the two American partners — and 10% on Canadian energy products — go into effect at midnight Tuesday. The two nations threatened retaliation of their own, raising the prospects of a broader regional trade war.
In a statement on X, Canadian Prime Minister Justin Trudeau said that on a call with Trump he pledged additional cooperation on border security. Trudeau also said that "nearly 10,000 frontline personnel are and will be working on protecting the border." In his social media post confirming the deal, Trump specifically highlighted Trudeau's commitment to spend $1.3 billion on border security and its immigration services, which was announced in December.
“Proposed tariffs will be paused for at least 30 days while we work together," Trudeau said.
In her statement, Sheinbaum thanked those Americans who opposed the tariffs for their support.
“When it was announced, the tariffs on our exports to the U.S., there was a whole wave of people, firms, chambers of trade and so on, communities which came out to defend Mexico,” Sheinbaum said. “And on the U.S. side, many people, many organizations voiced their opposition to these tariffs — politicians, senators, congressmen and also many firms in the states, saying that it didn’t suit them at all.”
Trump confirmed the agreements with Mexico and Canada in separate statements on Truth Social, calling his conversation with Sheinbaum "very friendly."
"These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants into our Country," Trump wrote of Mexico.
"As President, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that. I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured," Trump wrote of Canada. "FAIRNESS FOR ALL!"
He said Secretary of State Marco Rubio, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will hold talks with high-level representatives from Mexico about a longer-term deal.
Speaking on Monday afternoon from the Oval Office, Trump said, "We had a great talk with Mexico," adding that the deployment of 10,000 troops by Mexico to the border will be permanent but that tariffs are not totally off the table.
On Saturday, Trump made good on an oft-repeated campaign promise — that he intended to tariff Mexico and Canada 25% on its imports into the U.S. and will also tax China 10%.
On Monday, he also indicated that more import taxes could be coming against China: "If we can’t make a deal with China, then the tariffs will be very, very substantial.”
Economists expect the new taxes to increase prices on everything from avocados, tomatoes and tequila to cars, gasoline, lumber, furniture, electronics, appliances and toys.
“This will be the golden age of America!” Trump posted in all caps on Truth Social media Sunday. “Will there be some pain? Yes, maybe (and maybe not!)”
During his first term, Trump negotiated a new U.S.-Mexico-Canada Agreement for trade that was designed to create more balanced, reciprocal trade amongst North American trading partners.
The Associated Press contributed to this report.