Canada Averts Tariff Threat from US After Border Security Assurances

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Canada Averts Tariff Threat from US After Border Security Assurances
EconomyCANADAUNITED STATES
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U.S. President Donald Trump has paused tariffs on Canadian imports for at least 30 days following assurances from Prime Minister Justin Trudeau about strengthened border security. Trump had threatened to impose tariffs of 25 percent on Canadian goods and 10 percent on energy imports citing concerns about lax border controls. The pause provides a temporary reprieve for the Canadian economy and allows for further negotiations.

OTTAWA — U.S. President Donald Trump has paused tariffs on Canadian imports for at least 30 days. The latest development was announced on X (formerly Twitter) by Prime Minister Justin Trudeau following a phone call with Trump Monday afternoon. Trump had threatened to impose tariffs of 25 percent on Canadian goods and 10 percent on energy imports. The tariffs were scheduled to take effect on February 4th.

The president cited lax border controls as the reason for implementing the tariffs on both Canada and Mexico. In his tweet, Trudeau stated that 'Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology, and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl.' 10,000 frontline personnel 'are and will be working on protecting the border,' Trudeau said. Other measures, Trudeau added, will include the appointment of a 'fentanyl czar,' listing cartels as terrorists, creating a joint Canada-U.S. unit to combat organized crime, fentanyl, and money laundering, and backing a newly signed intelligence directive on organized crime and fentanyl with $200 million. 'We have some good news today,' Ontario Premier Doug Ford posted to X. 'We have temporarily averted tariffs that would have severely damaged our economy, giving time for more negotiation and time for cooler heads to prevail.' Ford said that this means Ontario will pause its proposed retaliatory measures, including the threat to remove U.S. alcohol from the LCBO. 'Make no mistake, Canada and Ontario continue to stare down the threat of tariffs,' Ford tweeted. 'So long as our trading relationship with our largest trading partner is up in the air, we will continue to see many potential projects frozen and projects that were already under way put at risk.

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Economy CANADA UNITED STATES TARIFFS BORDER SECURITY JUSTIN TRUDEAU DONALD TRUMP INTERNATIONAL TRADE

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