On February 1st, 2025, U.S. President Donald Trump slapped tariffs on Canada, Mexico and China, set to take effect on February 4th.
However, on February 3rd, Trump called off the tariffs on goods from Canada and Mexico, at least for now, after separate deals with each North American neighbor.

From the Associated Press:
“President Donald Trump on Monday [February 3rd] agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking. The pauses provide a cool-down period after a tumultuous few days that put North America on the cusp of a trade war that could have crushed economic growth, caused prices to soar and ended two of the United States’ most critical partnerships.”
“ ‘Proposed tariffs will be paused for at least 30 days while we work together,’ Canadian Prime Minister Justin Trudeau posted Monday afternoon on X, saying that his government would name a fentanyl czar, list Mexican cartels as terrorist groups and launch a ‘Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering.’ ”
“The White House confirmed the pause to the United States, which followed a similar move with Mexico that allows for a period of negotiations about drug smuggling and illegal immigration.”
The two separate deals were worked out on the 3rd, first the one with Mexico, then the one with Canada.
“Trump and Mexican President Claudia Sheinbaum announced the monthlong pause on increased tariffs against one another after what Trump described on social media as a ‘very friendly conversation,’ and he said he looked forward to the upcoming talks.”
“ ‘I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a ‘deal’ between our two Countries,’ the president said on social media.”
“Trump said the talks would be headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, Secretary of Commerce nominee Howard Lutnick and high-level representatives of Mexico. Sheinbaum said she was reinforcing the border with 10,000 members of her country’s National Guard and that the U.S. government would commit ‘to work to stop the trafficking of high-powered weapons to Mexico.’ ”
Tariffs on China, however, are still set to take effect: “The 10% tariff that Trump ordered on China was still set to go into effect, though Trump planned to talk with Chinese President Xi Jinping in the next few days.”