Recently, the latest developments in the tariff dispute among the US, Canada, and Mexico have drawn widespread attention. On February 3rd local time, Mexican President Sheinbaum announced via social media that US President Trump has decided to postpone the plan to impose tariffs on Mexican goods for one month. Sheinbaum stated that the two sides have reached an agreement, and Mexico will immediately deploy 10,000 National Guard members to strengthen patrols on the northern border to prevent drugs like fentanyl from entering the US. Meanwhile, the US has also pledged to take measures to prevent high-power weapons from flowing into Mexico. Teams from both countries will further cooperate in the fields of security and trade, and the tariff moratorium will take immediate effect.
Trump also confirmed this decision, stating that it is aimed at gaining time for further negotiations between the two countries. He mentioned that Secretary of State Rubio, Treasury Secretary Besante, and Commerce Secretary Lutnick will lead the negotiations team, looking forward to reaching a formal agreement with Sheinbaum.
At the same time, Trump announced a delay in imposing tariffs on Canada. Canadian Prime Minister Trudeau stated that Trump decided to postpone a 25% tariff on Canadian goods and that Canada will no longer implement retaliatory tariffs. Trudeau added that Canada is strengthening border controls by deploying new helicopters, technology, and personnel to ensure tighter coordination with the US and combat cross-border criminal activities.
The news of the tariff delay quickly triggered a market reaction, with investors feeling relatively eased about further trade war risks, resulting in a short-term improvement in market sentiment.
Trump had previously planned to impose a 25% tariff on Canadian imports on February 1st and announced a series of tariff sanctions against countries like Canada. However, the negotiations between Trump and Canada and Mexico have decided to delay these actions, temporarily easing trade tensions.
While this move has brought brief optimism to global markets, the fundamental issues of the trade dispute remain unresolved, and future tariff policies are still filled with uncertainty.
