Trump Suspends Tariffs on Mexican and Canadian Goods

Washington, 4 February 2025: Former President Donald Trump announced today the suspension of tariffs on goods imported from Mexico and Canada, reversing a controversial policy that had strained trade relations with the neighboring countries. The decision, which will take effect immediately, is seen as a major shift in Trump’s approach to trade following his departure from office.

In a statement, Trump cited the need for “stronger economic cooperation” with both countries, emphasizing that removing the tariffs would help bolster regional trade and strengthen North America’s position in the global market. “This is about ensuring that America, Mexico, and Canada remain united in the face of global challenges,” Trump said.

The tariffs, which had been imposed in previous years on various goods, including steel, aluminum, and agricultural products, had led to tensions and retaliation from both Mexico and Canada. With the suspension, both countries have expressed optimism that the move will pave the way for more collaborative trade relations.

This suspension marks a significant development as the U.S. seeks to stabilize its trade dynamics with its key partners while also addressing ongoing concerns related to global supply chains and economic recovery in the post-pandemic era.

While the suspension of tariffs has been welcomed by business leaders, some members of Congress have expressed caution, urging that future trade negotiations be approached with a focus on protecting American industries.