US President Donald Trump and Canadian Prime Minister Justin Trudeau agreed last night to delay the introduction of tariffs on goods imported from Canada by the US for at least 30 days.
Trudeau informed the public about the results of the negotiations via the social network X.
Earlier today, Trump postponed the introduction of tariffs on goods from Mexico, also for at least 30 days, after talks with Mexican President Claudia Sheinbaum.
US tariffs of 25 percent on products from both countries were due to take effect today, based on Trump's executive order issued on Saturday.
As Trump's decision also foresees the introduction of US tariffs on Chinese goods in the amount of 10% - only that part of it remains in force.
Trump paused the introduction of tariffs after both of America's land neighbors agreed to increase security at the US border.
Both Canada and Mexico were, however, ready to take countermeasures against the US and threatened retaliatory tariffs on imports of American goods.
In the US, senators from the opposition Democratic Party opposed Trump's intention to impose tariffs on both their country's northern and southern neighbors, and pointed to the economic hardships for ordinary people if this were to actually happen.
They warned, for example, that heating in New Hampshire in the northern US would become significantly more expensive, as retaliatory Canadian tariffs would be passed on to consumers of Canadian energy products.
Senate Democratic leader Chuck Schumer warned that the average American household's annual costs would increase by more than $1.200 as a result of the tariffs - and that price increases would be everywhere, from grocery stores to gas stations.
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