Trump pauses tariffs on Canada for at least 30 days

Investing.comFeb 3, 2025 10:26 PM

View all comments（0）



Investing.com -- U.S. President Donald Trump has paused tariffs on Canada after meeting and reaching a tentative agreement with Canada's Justin Trudeau Monday afternoon.

"Proposed tariffs will be paused for at least 30 days while we work together," Trudeau said.

Over the weekend, Trump announced 25% tariffs on Canada and Mexico and 10% on China. Canada oil was given a lower 10% tariff.

Earlier Monday, Trump announced a 30-day pause with Mexico after the country agreed to Trump's demands for more troops on the southern border.

Trudeau said Canada will be putting 10,000 frontline personnel on the U.S.-Canada border to protect it. In addition, Canada is making new commitments to appoint a Fentanyl Czar.

Overall, Canada is implementing a $1.3 billion border plan.

"I just had a good call with President Trump. 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," Trudeau said on X. " Nearly 10,000 frontline personnel are and will be working on protecting the border."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Tesla Stock Forecast: TSLA Triangle Breakout Targets $411.90 as Cybercabs Overtake Model Ys

TradingKey - Tesla stock forecast: TSLA breaks out of a triangle above $388.85 as Cybercabs overtake Model Ys in Texas, with $411.90 the next hurdle on the 4-hour chart.

Micron Rises Over 3% Pre-Market as Musk Predicts Robot Memory Demand Will Surpass Other Sectors

TradingKey - In pre-market trading on October 28 ET, as of press time, Micron Technology (MU) rose 3.8% to $964.02.

SK Hynix Surges Over 4% as Q3 Results Hit Record High, Returning $75 Billion to Shareholders

SK Hynix reported a record-breaking Q3 operating profit while announcing a massive 100 trillion won (approximately $75 billion) shareholder return plan, sending its stock price surging 4%.

KOSPI Tops 5,800, Kioxia Jumps Over 4% as SK Hynix Revenue and Profit Hit Record Highs

The KOSPI surged over 3%, Kioxia jumped 4%, Samsung and SoftBank joined the rally, and SK Hynix unveiled a massive 100 trillion KRW in shareholder returns.

US Stocks Close: Nasdaq Rises Over 1%, Philadelphia Semiconductor Index Gains Over 3%; Chip Stocks Extend Rally, CoreWeave Gains Nearly 8%

On Tuesday, October 27, Eastern Time, U.S. stocks moved higher, with chip stocks extending their rally to drive the Nasdaq to lead the gains. Amid falling oil prices, investors continued to assess a heavy slate of corporate earnings reports while focusing on the Federal Reserve's interest rate meeting. At the close, the Dow Jones Industrial Average rose 0.03% to 52,377.57 points; the Nasdaq Composite Index gained 1.18% to 26,477.81 points; and the S&P 500 Index advanced 0.60% to 7,722.60 points.

Featured Tools