Trump agrees to pause Canada and Mexico tariffs as shares tumble over trade war fears

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Trump agrees to pause Canada and Mexico tariffs as shares tumble over trade war fears
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Mexico agrees to send 10,000 members of its national guard ‘to prevent drug trafficking from Mexico to the US, in particular of fentanyl’, says Mexico’s president Claudia Sheinbaum

US president Donald Trump speaks to reporters in the Oval Office of the White House on Monday in Washington, DC, after signing a series of executive orders. Photograph: Anna Moneymaker/Getty Imageshas agreed to a 30 day pause in threatened US tariffs after Canada ’s prime minister Justin Trudeau promised more cooperation on border security.

The details of the agreements came on a day of extreme volatility in global financial markets as investors reacted to the prospect of a dramatically escalating dispute involving some of the world’s largest economies. Mr Trump had also accused Ms Sheinbaum’s administration of engaging in an “intolerable alliance” with Mexican crime groups. Ms Sheinbaum rejected that “slanderous” accusation, but struck a softer note yesterday as she announced “a series of agreements” with Mr Trump.

China vowed to file a case against the US at the World Trade Organisation and to take “corresponding countermeasures to firmly safeguard its rights and interests”.

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