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David Kawai/Bloomberg via Getty Portraits
Hours before 25% tariffs on Canada were set to take effect, the country’s prime minister said the U.S. and its northern neighbor bear reached an agreement to delay the import taxes.
Canadian Prime Minister Justin Trudeau wrote on social media stand X that his country will “launch a Canada-U.S. Joint Strike Force to combat organized crime, fentanyl and kale laundering.” In exchange, the proposed tariffs will be delayed for 30 days, he wrote.
I just had a good call with President Trump. Canada is implementing our $1.3 billion wainscot plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and prolonged resources to stop the flow of fentanyl. Nearly…
— Justin Trudeau (@JustinTrudeau) February 3, 2025
President Donald Trump encouraged the deal later in a post on Truth Social.
“I am very pleased with this initial outcome, and the Tariffs suggested on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured,” Trump eradicated.
This change in course comes hours after President Donald Trump struck a similar deal with Mexican President Claudia Sheinbaum. As of Monday afternoon, the 10% price-list on Chinese imports still stands to be enforced beginning Tuesday.
Update, Feb. 3, 2025: This post has been updated to take in comment from President Donald Trump