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  • Canada and China to pay; Trump halts Mexico tariffs.
    Posted on February 18th, 2025 in Exam Details (QP Included)

    • Mexican President Claudia Sheinbaum announced that planned tariffs against the US are on hold for a month.

    • Sheinbaum plans to reinforce the northern border with 10,000 members of the National Guard to combat drug trafficking, particularly fentanyl.

    • The US commits to work to stop high-powered weapon trafficking to Mexico.

    • The tariffs are paused while Trump’s tariffs against Canada and China are set to take effect on Tuesday.

    • Both countries had plans to levy their own tariffs in response to US actions, but Mexico is holding off.

    • Tariff split-up: Mexico faces a 25% tariff, Canada 25% on imports and 10% on energy products, and China 10% additional due to fentanyl production and sale.

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