'Every Single One of These Countries Wants to Make Deal': How President Donald Trump's Tariffs Are Transforming Trade With Mexico, Canada and China Canada and Mexico have made concessions, the White House announced, while China plans retaliation as its tariffs go into effect.

By David James

After announcing 25% tariffs on various imports from Canada and Mexico, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum made last-minute deals with President Trump to postpone the action for 30 days.

As part of the pause, Mexico agreed to take these actions:

  • 10,000 members of the Mexican National Guard will be deployed to the U.S.-Mexico border to stem the flow of fentanyl and illegal migrants into the United States.
  • The formation of two groups with U.S. officials — one focused on security and one focused on trade.

Canada agreed to:

  • Continue a border plan launched in December that will send Black Hawk helicopters, drones and high-tech security equipment to the border, as well as 10,000 "frontline personnel."
  • Establish a fentanyl czar and commit 200 million Canadian dollars for intelligence gathering on drug cartels and gangs and officially labeling these groups as terrorists.

No deal has been struck with China as of Tuesday morning, as a 10% tariff on all imports from China takes effect. China announced retaliatory tariffs on U.S. goods — 15% tariff on coal and liquefied natural gas products, as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars — that would go into effect on Monday.

Looking for a different take on Trump's tariffs? Read this: Billionaires, Industry Leaders, and Execs Urge Trump to Rethink 'Devastating' Tariffs on Canada and Mexico

A White House spokesperson said Trump has plans to speak with Chinese President Xi Jinping later this week.

When asked about a Wall Street Journal's editorial that called Trump's tariff tactics "the dumbest trade war in history," Trump told reporters gathered in the Oval Office, "Not only is it not dumb, you're going to see, you're going to see every single one of those countries is dying to make a deal."

Leon J. Topalian, CEO of Nucor Corp., the largest steel producer in the U.S., celebrated Trump tariffs in a statement: "Nucor applauds the first steps taken by President Trump in his America First Trade Agenda," he wrote. "We look forward to working with President Trump to enforce our trade laws and strengthen American manufacturing."

David James

Entrepreneur Staff

Staff writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

'My Brain Thrives on Variety': His Side Hustle Inspired By 'The 4-Hour Workweek' Led to $600,000 in 16 Months

Mark Hellweg, 42, knows what it takes to start a business "with a fraction of the capital."

Growing a Business

How I Maintain Success in a Highly Competitive Market — and How You Can, Too

Marketing Content StrategiesKnow Thy Market, Be Extra (and Proud of It), Build Relationships (and Leverage Them)

Business Solutions

Save Big on the Top 8 MS Office Programs, Only one Payment of $60

Get essential Microsoft Office programs with redesigned tools for easily customized functions and aesthetics.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Travel

Book Flights for Less with Matt's Flights

Stop wasting money on expensive airfare—get insider discounts for life.