Canada and China to pay; Trump halts Mexico tariffs.
• 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.