Additional U.S. Tariffs on Imports from Canada and Mexico Paused

The Trump administration has reached agreements with Canada and Mexico to pause the recently announced additional tariffs on imports from the two countries for a period of one month. The executive orders for additional tariffs were issued on 1 February 2025, including a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China to take effect on 4 February 2025. Energy resources from Canada, however, would have a lower 10% tariff. The agreemen…