From 60% Tariff To ‘We’ll See’: Trump Defers China Import Duty, Eyes Feb 1 Action On Mexico, Canada

On 20 Jan. 2025, US President Donald Trump announced plans to investigate trade deficits but refrained from immediately imposing tariffs on Canada, Mexico and China. Trump cited concerns over illegal immigration and fentanyl trafficking as reasons for considering a 25% tariff on Canadian and Mexican imports, with potential action by 1 Feb. A presidential memo directed federal agencies to examine the impact of trade imbalances and currency manipulation, suggesting global tariffs or other policies as solutions. Trump delayed China-specific tariffs, opting instead to review Beijing’s adherence to a prior trade agreement and pursue negotiations with President Xi Jinping. n18oc_world n18oc_crux

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From 60% Tariff To ‘We’ll See’: Trump Defers China Import Duty, Eyes Feb 1 Action On Mexico, Canada