U.S. President Donald Trump and Mexican President Claudia Sheinbaum said Monday that their planned tariffs were on hold for a month to give time for further negotiations. The statement was confirmed by the White House. 

Trump’s tariffs against Canada and China are still slated to go into effect on Tuesday. 

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President Donald Trump is pausing his tariffs planned for Mexico by one month, giving time for negotiations as Mexican President Claudia Sheinbaum said she would deploy 10,000 members of her country’s national guard to the shared border to stop drug trafficking. 

But as of now, the taxes on imports from Canada and China are still scheduled to go forward on Tuesday. Trump said he plans to speak at 3 p.m. EST with Canadian Prime Minister Justin Trudeau. Their previous conversation on Monday morning led to a social media post by Trump that attacked Canada for not allowing U.S. banks as he continues to list grievances. 

Both Canada and Mexico have counter tariffs prepared should Trump impose the taxes. 

The tariffs carry the risk of higher inflation and slower economic growth. But Trump has said he also plans to threaten tariffs against countries in the European Union. 

China renews threat to retaliate against US tariffs 

U.S. President Donald Trump’s trade war with Canada, Mexico and China is ramping up over the production and importation of the opiate fentanyl, along with trade surpluses and illegal border crossings by migrants from across the globe. 

China, meanwhile, has reiterated its threat to take “necessary countermeasures to defend its legitimate rights and interests” following Trump’s decision to impose 10% tariffs on China for allegedly doing too little to stem the production of precursor chemicals for fentanyl. 

Canadians doubt that Trump will agree to pause his tariffs 

With U.S. President Donald Trump set to tariff imports from Canada on Tuesday, a senior Canadian official said the country is not confident it can avoid the looming tariffs as Mexico did with a one-month pause for negotiations. That’s because it feels like Trump’s goal posts shift more for Canada than for Mexico. The official spoke on condition of anonymity in order to discuss private conversations.

Trump is slated to speak at 3 p.m. EST with Canadian Prime Minister Justin Trudeau. The two leaders spoke Monday morning and Trump told reporters gathered in the Oval Office on Monday that Canada had not been treating the United States well. 

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