Canada
Effective in March
TARIFFS POSTPONED UNTIL MARCH
"President Trump has agreed to put tariffs on both Canada and Mexico on hold — for now.
Canada's Prime Minister Trudeau spoke to Trump twice over the course of the day. Trudeau wrote on X Monday afternoon that Canada had committed more resources to border security and to fighting fentanyl trafficking, the ostensible reason for the proposed U.S. tariffs.
Canada had promised retaliatory tariffs, with the possibility of an escalating trade war. These will also be paused 30 days." Source - NPR
China
Effective Tuesday 02/04
Chinese Imports: Additional 10% on top of already existing tariffs will be applied starting February 4th.
Additional tariffs expected if retaliatory tariffs are put into place.
Chinese government officials and The Trump Administration will meet early this week on potential trade war mitigation and trade partnership possibilities.
Mexico
Effective in March
TARIFFS POSTPONED UNTIL MARCH
“WASHINGTON (AP) — U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking.
Trump’s tariffs against Canada and China were still slated to go into effect Tuesday, but uncertainty remained about the durability of any deals and whether the tariffs were a harbinger of a broader trade war, as Trump has promised more import taxes to come.
The U.S. and Mexican leaders announced the pause after what Trump described on social media as a “very friendly conversation,” and he said he looked forward to the upcoming talks.
Trump said the talks would be headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent and Secretary of Commerce Howard Lutnick and high-level representatives of Mexico.” source – AP News