US and Canada agree to 30-day pause on tariffs

The U.S. and Canada will delay the enforcement of tariffs the two countries issued against each other this weekend by one month, President Donald Trump and Canadian Prime Minister Justin Trudeau announced Monday.

After what Trudeau called “a good call with President Trump,” the Canadian leader said in a post on social media platform X that the country will coordinate with the U.S. to reinforce their shared border to target the flow of fentanyl. Trump issued a similar announcement on social media platform Truth Social.

Canada is deploying nearly 10,000 frontline personnel to strengthen border security as part of a $1.3 billion plan, per Trudeau. The country will also appoint a “Fentanyl Czar” and launch a joint strike force with the U.S. to fight organized crime, drug trafficking and money laundering. Trudeau also said he would sign a new intelligence directive related to combat organized crime and fentanyl distribution and back it with $200 million.

As a result of the agreements, both the U.S. and Canada will pause the enforcement of tariffs the two countries planned to enact Tuesday for at least 30 days, Trudeau said.

 

The tariffs continue to be an evolving situation. Our team is closely monitoring the developments and will continue to share more information as it becomes available.