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The US President Donald Trump has stopped sweeping Mexico and Canada and pulled back a few hours a few hours before they plan to come into effect.
Following a separate two -country call between President Trump, Mexico’s Claudia Sinbaum and Canadian Prime Minister Justin Trudeau, a transaction to delay the two largest trading duties in the United States on Monday. Ta.
Trump’s reversal has released allies and investors following the huge tax on the weekends of Canada, Mexico, and China.
10 % of the 10 % tariffs on China beyond the existing tax will still be valid. The U.S. President said on Monday, who is expected to talk with Chinese leader Xi Jinping within the next few days.
Both Shainbaum and Trudeau have 10,000 units on borders with the United States, agree to fight drug trafficking, confusing hundreds of billions of dollars annually in trade, and potentially fire. I agree to get a 30 -day grace from a certain tax. TAT SKIRMISH.
As part of the package of border measures, Torudeau has pledged to provide $ 2 million ($ 138.56 million) funding ($ 138.56 million) to appoint “Organizer Crime and Fentanyl”. I did it.
Canada also lists Cartel as a terrorist organization and begins to “fight Canada and US joint strike force, and fight with organizational crime, Fentanyl, and money laundering.”
“The tariffs announced on Saturday will be suspended for 30 days to confirm that the final economic trading with Canada can be configured,” Trump stated late on Monday on his true social platform. I did it. The moon of “negotiations” with Mexico.
Canadian dollars, Mexico pesos, and US stocks hit the threat of playing Canada and Mexico with 25 % tariffs, leaving some sculptures, and hit early on Monday. Customs duties were widely expected in all three countries to have a significant impact on companies and more economies.
Stocks in the Asia -Pacific region have risen on Tuesday early transactions. However, Trump brought his attitude toward the imminent tariff, sharply reduced their losses. Canadian dollars and pesos have also recovered by Monday evening.
“This is a large -scale rescue and has obtained a transaction,” said FLAVIO VOLPE, an industry that was expected to give a major blow from tariffs, the president of the Canadian Automotive parts manufacturer association. I mentioned.
Despite the suspension, the White House was an administrative order on Monday evening, saying, “If the crisis of illegal immigration and illegal drugs worsens, the Mexican government has not taken sufficient measures to reduce these crises. The president will take the necessary measures. “
Trump claims that Mexico and Canada’s tariffs need to do more to stop immigration and drugs from crossing the United States.
U.S. companies have warned that they oppose tariff planning and push up the prices of Americans and promote supply chains.
Sheinbaum explained Mexico’s concerns about the sophisticated weapon smuggling from the United States used by the national criminal group. I said. She added that the US President agreed to help stop the weapon trafficking.
Mexico leaders said Trump also had a trade deficit between the two countries.
“In fact, I told him that it was not a deficit, there was a trade contract, we were trade partners, and this was the result of a trade partner, and in any case, it was China and the world. It was the best way to keep competing with other areas, “said Symbaum.
Similarly, Tordeau has a Trump and a “good call” and says, “Canada is conducting our C $ 13 billion border plan. Reinforced the new chopper, technology, and the border with the personnel. Enhance the adjustment of the US partner and increase the flow of fentanil.