Washington, D.C. – January 20, 2025 – U.S. President-elect Donald Trump will not impose immediate tariffs on Canada, Mexico, or China as previously promised, according to multiple reports. Instead, his administration will first conduct a review of trade deficits and foreign trade policies.
Trump, who is set to be sworn in as president at noon on Monday, had been considering three possible tariff options: a 25% tariff on Canadian goods, a 10% tariff on imports from all countries, or a gradually increasing tariff. However, officials have confirmed that he will delay these measures for now.
According to reports, Trump will issue a directive instructing U.S. government agencies to examine trade imbalances and investigate what he calls “unfair trade and currency practices” by other nations. The review will specifically focus on China, Canada, and Mexico.
While the memo signals a tough stance on trade, it does not include any immediate tariff measures, offering temporary relief to U.S. trading partners. Canadian officials have been closely monitoring Trump’s trade policies, as any new tariffs could significantly impact the country’s economy.
As Trump begins his second term, trade policy is expected to be a key focus, with potential tariffs still on the table in the future.
