(WBAP/KLIF) — AP — President Donald Trump is pausing his tariffs planned for Mexico by one month, giving time for negotiations as Mexican President Claudia Sheinbaum said she would deploy 10,000 members of her country’s national guard to the shared border to stop drug trafficking.
But as of now, the taxes on imports from Canada and China are still scheduled to go forward on Tuesday. Trump said he plans to speak at 3 p.m. EST with Canadian Prime Minister Justin Trudeau. Their previous conversation on Monday morning led to a social media post by Trump that attacked Canada for not allowing U.S. banks as he continues to list grievances.
Both Canada and Mexico have counter tariffs prepared should Trump impose the taxes.
The tariffs carry the risk of higher inflation and slower economic growth. But Trump has said he also plans to threaten tariffs against countries in the European Union.
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