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Just as he did earlier in the day with the Mexico’s president, President Trump came to an agreement on Monday with Canadian Prime Minister Justin Trudeau, pausing the proposed 25 percent tariff on Canadian goods for 30 days.
In exchange, Trudeau agreed to joint measures to fight fentanyl trafficking by deploying 10,000 military personnel to the border, and other measures to fight the drug trade.
Agriculture is a key trade item between the nations and would have been subject to the tariff on Canadian products and likely from Canada on products leaving the United States as retaliation.
Mexico is the No.1 fruit and vegetable supplier to the U.S. market, but Canada ranks fourth, sending 1.7 million tons of fruits and vegetables to the United States in 2023, according to FEPEX.
As for China, a 10 percent tariff went into effect this morning, and the Chinese government announced retaliatory tariffs effective February 10 on certain items such as U.S. coal, natural gas, oil, vehicles, and agricultural machinery, among other items.
Agriculture trade between China and the United States is significantly smaller than that of the United States and Canada and Mexico.
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