US President Donald Trump postponed tariffs on Mexico and Canada for a month after agreements on border security, but China remains subject to increased duties. Global markets reacted positively to the news, but tensions between the US and Canada remain high.
US President Donald Trump delayed the start of tariffs on neighbours Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge.US President Donald Trump delayed the start of tariffs on neighbours Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge.
Trump said that after"very friendly" talks with Sheinbaum he would"immediately pause" the tariffs on Mexico, and that his counterpart had agreed to send 10,000 troops to the US-Mexico frontier. It was not clear the real extent of the changes on the Canadian border, given that authorities said in December they already had 8,500 personnel deployed.But China is still due to face a further 10 percent duty on top of existing levies.
Its most populous province Ontario on Monday had banned US firms from bidding on tens of billions of dollars in government contracts -- and dumped a deal with Trump ally Elon Musk's Starlink. Mexico has meanwhile been under heavy pressure to secure its border with the United States as Trump vows a massive crackdown on undocumented migrants.
TRUMP TARIFFS MEXICO CANADA CHINA TRADE BORDER SECURITY ECONOMY
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