Trump Confirms Pause on Canada Tariffs

US President Donald Trump has confirmed the tariffs for Canada will be paused for 30 days after Ottawa agreed to stricter border measures to "finally end the deadly scourge of drugs like Fentanyl."

Trump made the declaration on his Truth Social platform shortly after Canadian Prime Minister Justin Trudeau said the tariffs would be postponed.

"As President, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that," Trump said. "I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period."

In a separate statement on Monday, Trump also confirmed that he would delay the implementation of tariffs against Mexico after he spoke with Mexican President Claudia Sheinbaum.

Trump's tariffs spook investors, stoke inflation fears
Global stock markets dived, the dollar rallied, oil prices jumped and world leaders readied tit-for-tat measures. Those were the almost immediate reactions to US President Donald Trump's new tariffs on Canada, Mexico and China, signed into law at the weekend.

Canada and Mexico both announced that the tariffs had been suspended for at least 30 days after talks with Trump.

Trump's latest measures are unprecedented in their scope and scale, targeting three of the United States' largest trading partners simultaneously. Economists have said their impact will likely paralyze economic growth both in the US and around the world.