This report details how U.S. President Donald Trump has delayed the imposition of tariffs on Mexico for one month following a last-minute border security agreement. Mexico’s President Claudia Sheinbaum agreed to deploy 10,000 troops to the U.S.-Mexico border to curb fentanyl smuggling, leading Trump to pause the 25% tariffs that were set to take effect.
Meanwhile, trade negotiations with Canada and China remain unresolved. Trump criticized Canada as “very tough to do business with” and warned that a 25% tariff on Canadian goods remains on the table. Talks with China are expected within 24 hours to prevent additional tariffs.
The uncertainty has caused global stock markets to fluctuate, with Wall Street seeing early losses before recovering after the Mexico deal announcement. Canada has retaliated by banning U.S. firms from government contracts and canceling a deal with Elon Musk’s Starlink.
Trump, who has frequently used tariffs as a political tool, also suggested that Canada should become the 51st U.S. state. Experts warn that the economic impact of his aggressive trade policies may affect American consumers despite his claims otherwise.
