Canada Follows Mexico in Reaching Deal to Delay Trump Tariffs

from the NYT

President Trump and the leaders of Mexico and Canada struck last-minute deals on Monday to postpone the imposition of hefty tariffs on goods exported to the United States, averting at least temporarily a damaging trade war that would roil North America and the global economy.

Canada’s prime minister, Justin Trudeau, after speaking twice by telephone with Mr. Trump, said U.S. tariffs on his country’s goods would be postponed by 30 days as negotiations on a border deal took place. That announcement came hours after Mexico negotiated a similar delay, agreeing to send thousands of troops to the U.S.-Mexico border.

The frenzy of last-minute maneuvering demonstrated Mr. Trump’s willingness to use tariffs as a source of leverage against the most important U.S. trading partners, inwhat he called an effort to curb drug smuggling and illegal immigration. Imports from Mexico, Canada and China — a of tariffs still set to take effect just after midnight — account for more than a third of the products brought into the United States each year...

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