#TariffsPause

The #TariffsPause refers to a 30-day pause on tariffs imposed by Donald Trump on goods imported from Mexico and Canada. Here's what's happening:

- *Tariff Details*: The US was set to impose 25% tariffs on goods from Mexico and Canada, and 10% on imports from China, specifically targeting oil, natural gas, and electricity from Canada.

- *Reason for Tariffs*: Trump's goal is to hold Mexico, Canada, and China accountable for halting illegal immigration and stopping the flow of poisonous fentanyl and other drugs into the US.

- *Pause and Potential Impact*: Last-minute talks with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau led to a 30-day pause on the tariffs. If implemented, the tariffs could increase prices on various goods, including:

- *Food*: Fresh produce like avocados and tomatoes from Mexico

- *Electronics*: Smartphones from China would cost 10% more

- *Liquor*: Tequila and whisky prices might rise due to tariffs on imports from Mexico and Canada

- *Cars and Auto Parts*: Vehicles and parts from Mexico and Canada could become pricier

- *Gasoline and Crude Oil*: Tariffs on Canadian oil imports might push up gasoline prices by 30-70 cents per gallon

The pause has given both sides time to reassess and potentially negotiate further. Canada has urged its citizens to "choose Canada" and explore domestic tourist destinations instead of visiting the US. If the tariffs are implemented, they could affect travel and the economy, potentially costing the US up to two million tourists ¹.