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Trump pauses Canada, Mexico tariffs

In a latest move, President Donald Trump has agreed to pause the 25% tariffs on Canada and Mexico for 30 days.
The move comes after Canadian Prime Minister Justin Trudeau agreed to reinforce his country’s border with the US in a conversation with President Trump.
Moreover, Trump also made a deal with Mexican President Claudia Sheinbaum, who is also reinforcing the northern border with troops.
But a US tariff of 10% on Chinese imports has come into effect, after a deadline of 00:01 EST (05:00 GMT) on Tuesday passed.
Beijing countered the US tariff, by imposing its own retaliatory tariffs on a raft of American products, including 15% on coal and liquefied natural gas and 10% on crude oil and agricultural machinery.
Trump earlier said that he planned to speak to his Chinese counterpart Xi Jinping soon.
He described the 10% import taxes as the “opening salvo” and said they could become “very, very substantial” if no agreement is made.
Monday’s breakthrough with Canada and Mexico came as they prepared retaliatory tariffs on American goods.
On the same day, both Trump and Trudeau posted on social media that they had reached a temporary agreement on securing the border that would avoid tariffs for at least 30 days.
Both leaders portrayed the plan as a win.
“As president, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that. I am very pleased with this initial outcome,” Trump wrote on his social media site Truth Social.