The president had promised action, though his team had been in negotiations over how to potentially dial back tariffs.

Trump will impose 25% tariffs on imports from Canada and Mexico and 10% on goods from China, following a pledge he made after winning the White House.

President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Canada, hours after reaching a similar arrangement with Mexico. Both nations, America’s two largest trading partners, agreed to take steps to appease his concerns about border security and drug trafficking.