Trump Pauses Tariffs on Canada, Mexico Until April 2

U.S. President Donald Trump has announced a one-month pause on tariffs for Canadian goods, following a similar exemption for Mexico, aimed at protecting the U.S. automotive industry. The tariffs, initially set to take effect on April 2, include a 25% duty on steel and aluminum imports, which will still proceed. Canadian Prime Minister Justin Trudeau has expressed concern over the long-term implications of these tariffs and stated that Canada will implement retaliatory measures until the U.S. backs down completely. The ongoing tariff situation has created uncertainty in financial markets, with homebuilders expressing worries over the potential impact on their industry. Trump has justified these tariffs as necessary for national security and border control, particularly concerning fentanyl trafficking. However, Trudeau contends that Canada's efforts to combat drug trafficking have been effective, disputing Trump's rationale.