'every Single One Of These Countries Wants To Make Deal': How President Donald Trump's Tariffs Are Transforming Trade With Mexico, Canada And China

After announcing 25% tariffs connected various imports from Canada and Mexico, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum made last-minute deals pinch President Trump to postpone nan action for 30 days.

As information of nan pause, Mexico agreed to return these actions:

• 10,000 members of nan Mexican National Guard will beryllium deployed to nan U.S.-Mexico separator to stem nan recreation of fentanyl and forbidden migrants into nan United States.
• The connection of 2 groups pinch U.S. officials — 1 focused connected accusation and 1 focused connected trade.

Canada agreed to:

• Continue a separator strategy launched successful December that will nonstop Black Hawk helicopters, drones and high-tech accusation instrumentality to nan border, arsenic bully arsenic 10,000 "frontline personnel."
• Establish a fentanyl czar and perpetrate 200 cardinal Canadian dollars for intelligence gathering connected supplier cartels and gangs and officially labeling these groups arsenic terrorists.

I conscionable had a bully telephone pinch President Trump. Canada is implementing our $1.3 cardinal separator strategy — reinforcing nan separator pinch caller choppers, exertion and personnel, enhanced coordination pinch our American partners, and accrued resources to extremity nan recreation of fentanyl. Nearly…

— Justin Trudeau (@JustinTrudeau) February 3, 2025

No woody has been struck pinch China arsenic of Tuesday morning, arsenic a 10% tariff connected each imports from China takes effect. China announced retaliatory tariffs connected U.S. instrumentality — 15% tariff connected ember and liquefied earthy authorities products, arsenic bully arsenic a 10% tariff connected crude oil, cultivation machinery and large-engine cars — that would spell into effect connected Monday.

Looking for a different return connected Trump's tariffs? Read this: Billionaires, Industry Leaders, and Execs Urge Trump to Rethink 'Devastating' Tariffs connected Canada and Mexico

A White House spokesperson said Trump has plans to speak pinch Chinese President Xi Jinping later this week.

When asked astir a Wall Street Journal's editorial that called Trump's tariff strategies "the dumbest discarded and acquisition warfare successful history," Trump told reporters gathered successful nan Oval Office, "Not only is it not dumb, you're going to see, you're going to spot each azygous 1 of those countries is dying to make a deal."

Leon J. Topalian, CEO of Nucor Corp., nan largest alloy shaper successful nan U.S., celebrated Trump tariffs successful a statement: "Nucor applauds nan first steps taken by President Trump successful his America First Trade Agenda," he wrote. "We look guardant to moving pinch President Trump to enforce our discarded and acquisition laws and fortify American manufacturing."