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NCBFAA ALERT
Trump Tariffs for Canada Paused 30 Days
According to an X message, Canadian President Justin Trudeau concluded a late afternoon call today with President Trump in which it was decided that the 25% tariffs set to take effect on U.S. imports of Canadian goods at 12:01 a.m. ET tonight will be postponed for 30 days.
Trudeau said Canada will be “implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly 10,000 frontline personnel are and will be working on protecting the border.”
In addition, Trudeau affirmed to President Trump that Canada will appoint a “Fentanyl Czar,” list cartels as terrorists, “ensure 24/7 eyes on the border,” and initiate a Canada-U.S. Joint Strike Force to fight organized crime, fentanyl, and money laundering. Trudeau also said a new Canadian intelligence directive on organized crime and fentanyl will be formed at an investment from Canada of $200 million.
This announcement follows a similar 30-day pause of the 25% Mexico tariff announced this morning after President Trump had a phone call with Mexican President Claudia Sheinbaum who committed to send 10,000 Mexican troops to the borders to focus on fentanyl and illegal immigration.
The 10% additional China tariffs, also announced by President Trump on Saturday, Feb. 1, with an effective time and date of 12:01 a.m. ET on Tuesday, Feb. 4, are still in play at the time of this NCBFAA eblast’s publishing. Customs and Border Protection (CBP) provided guidance to the trade this afternoon regarding implementation of the Chinese tariffs.
NCBFAA will continue to keep our members informed with Trump tariff updates through eblasts, as well as a dedicated Trump Tariffs Update webpage on our website.
Attention: The Monday Morning eBriefing (MMeB) and other communications of the NCBFAA are the exclusive property of the Association. Unauthorized use by any person or firm which is not a member in good standing is strictly prohibited.
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