Canada Delays Tariff Hikes, Commits $1.3 Billion to Border Security

In a significant development, U.S. President Donald Trump announced a one-month delay on tariffs against Canada following high-stakes negotiations with Prime Minister Justin Trudeau. Canada has committed to a $1.3 billion plan aimed at enhancing border security and addressing the flow of fentanyl and undocumented migrants into the U.S. Trudeau pledged to deploy nearly 10,000 frontline personnel and appoint a 'Fentanyl Czar' as part of the agreement, which aims to bolster cooperation between the two nations. The Canadian dollar responded positively, recovering from multi-year lows due to the anticipated trade agreement. This reprieve comes as tensions between the U.S. and Canada were heightened due to Trump's threats of significant tariffs. Meanwhile, China remains under scrutiny as it is set to face additional tariffs, drawing attention to the broader implications for global trade.