President Donald Trump agreed to pause planned U.S. tariffs on Canadian imports for 30 days, Prime Minister Justin Trudeau announced Monday. The decision follows Canada’s commitment to enhanced border security measures, including appointing a “Fentanyl Czar” and implementing a $1.3 billion border plan to curb fentanyl trafficking. Trump had announced 25% tariffs on goods from Mexico and Canada and a 10% tariff on Canadian energy resources. The tariff pause mirrors a similar agreement with Mexico, where President Claudia Sheinbaum pledged to deploy 10,000 soldiers to its northern border. Trump said the pause allows time to negotiate a final economic deal.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump agreed to pause planned US tariffs on Canadian imports for 30 days,
00:07Prime Minister Justin Trudeau announced this Monday.
00:10The decision follows Canada's commitment to enhanced border security,
00:13including appointing a fentanyl czar and implementing a $1.3 billion border plan
00:18to curb fentanyl trafficking. Trump had announced 25% tariffs on goods from Mexico and Canada
00:23and a 10% tariff on Canadian energy resources. The tariff pause mirrors a similar agreement
00:29where Mexico, where President Claudia Steinbaum pledged to deploy 10,000 soldiers to its northern
00:35border. Trump said the pause allows to negotiate a final economic deal.