WASHINGTON, D.C. — US President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday -- but China remained in the firing line for levies that are putting the global economy on edge.
Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau both struck last-minute deals with Trump to tighten border measures against the flow of migrants and the drug fentanyl into the United States.Global stock markets had slumped as Trump 's threat of sweeping 25 percent levies on exports from Canada and Mexico to the United States sparked fears of a global trade war.
The London, Paris and Frankfurt stock markets finished in the red.The White House said earlier there had been a 'heck of a lot of talks' over the weekend.'This is not a trade war, this is a drug war,' National Economic Council Director Kevin Hassett told CNBC, complaining that 'the Canadians appeared to have misunderstood the plain language.'However, US government figures show that only a minimal quantity of drugs enter via Canada.
Halts Canada And Mexico Tariffs China Still Targeted
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