'Every Single One of These Countries Wants to Make Deal': How President Donald Trump's Tariffs Are Transforming Trade With Mexico, Canada and China

Feb 05, 2025 12:09 AM - 4 days ago 5484

After announcing 25% tariffs connected various imports from Canada and Mexico, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum made last-minute deals pinch President Trump to postpone the action for 30 days.

As portion of the pause, Mexico agreed to return these actions:

  • 10,000 members of the Mexican National Guard will beryllium deployed to the U.S.-Mexico separator to stem the travel of fentanyl and forbidden migrants into the United States.
  • The statement of 2 groups pinch U.S. officials — 1 focused connected information and 1 focused connected trade.

Canada agreed to:

  • Continue a separator scheme launched successful December that will nonstop Black Hawk helicopters, drones and high-tech information instrumentality to the border, arsenic good arsenic 10,000 "frontline personnel."
  • Establish a fentanyl czar and perpetrate 200 cardinal Canadian dollars for intelligence gathering connected supplier cartels and gangs and officially labeling these groups arsenic terrorists.

I conscionable had a bully telephone pinch President Trump. Canada is implementing our $1.3 cardinal separator scheme — reinforcing the separator pinch caller choppers, exertion and personnel, enhanced coordination pinch our American partners, and accrued resources to extremity the travel of fentanyl. Nearly…

— Justin Trudeau (@JustinTrudeau) February 3, 2025

No woody has been struck pinch China arsenic of Tuesday morning, arsenic a 10% tariff connected each imports from China takes effect. China announced retaliatory tariffs connected U.S. equipment — 15% tariff connected ember and liquefied earthy state products, arsenic good arsenic a 10% tariff connected crude oil, cultivation machinery and large-engine cars — that would spell into effect connected Monday.

Looking for a different return connected Trump's tariffs? Read this: Billionaires, Industry Leaders, and Execs Urge Trump to Rethink 'Devastating' Tariffs connected Canada and Mexico

A White House spokesperson said Trump has plans to speak pinch Chinese President Xi Jinping later this week.

When asked astir a Wall Street Journal's editorial that called Trump's tariff strategies "the dumbest waste and acquisition warfare successful history," Trump told reporters gathered successful the Oval Office, "Not only is it not dumb, you're going to see, you're going to spot each azygous 1 of those countries is dying to make a deal."

Leon J. Topalian, CEO of Nucor Corp., the largest alloy shaper successful the U.S., celebrated Trump tariffs successful a statement: "Nucor applauds the first steps taken by President Trump successful his America First Trade Agenda," he wrote. "We look guardant to moving pinch President Trump to enforce our waste and acquisition laws and fortify American manufacturing."

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