Trump pauses some Mexico, Canada tariffs: What’s exempt, and what’s next?

Canada's Prime Minister Justin Trudeau and Mexico's President Claudia Sheinbaum shake hands during the G20 summit at the Museum of Modern Art in Rio de Janeiro, Brazil, November 18, 2024 [File: Ricardo Moraes/Reuters]

United States President Donald Trump, on Thursday, paused tariffs on several imports from Mexico and Canada for a month. Earlier, he had imposed 25 percent tariffs on almost all imports from both countries.

He first announced a halt on the tariffs for Mexico after a phone call with that country’s president, Claudia Sheinbaum. Later, he extended that reprieve to Canada.