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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 made allies and investors anxious, with a huge tax on weekends in Canada, Mexico and China.
In addition to existing taxation, 10 % of the 10 % tariffs on China will still come into effect on Tuesday. Trump explained these obligations on Monday as an “opening salvo” in his new trade attack on the second largest economy in the world.
Beijing is considering retaliation options, such as rebellion, export management, and currencies depreciation, and has already stated that it will submit a lawsuit against a World Trade Organization with an objection to tariffs. Trump is expected to talk to Chinese leader Xi Jinpei in the coming days, and White House said on Monday.
The reversal of Trump with the adjacent trade partner in the United States has agreed to have 10,000 troops on borders with the United States and fight against drug trafficking, and has confused hundreds of billions of dollars annually. After a 30 -day grace, he traded and potentially ignited a track of Tat.
As part of the border policy package, Torudeau has pledged to take Fentanyl TSAR, providing funds for $ 20 billion ($ 138 million) related to organizational crime and Fentanyl. Ottawa also lists the Cartel as a terrorist organization and launches a Canada and US joint strikes to fight 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 pause, the White House was on a Monday evening presidential order, saying, “If the Mexican government has not taken sufficient measures to reduce these crises,” “illegal immigration and illegal drug crisis worsen. 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.
Symbaum said she had been calling her with Trump, who described it as a “good conversation,” lasted for about 45 minutes. She said she explained Mexico's concerns about sophisticated weapons, which was used by the national criminal group. She added that the US President agreed to help stop the weapon trafficking.
Mexico's leader said that Trump also caused a trade deficit between 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.
Reported by Christine Malay and Michael Stot in Mexico City, Aim Williams in Washington, Harriet Clarfeld in New York, Joshua Oliver in Ottawa, Ilya Gridnefn in Toronto, and Joe Hee in Beijing
