US President Donald Trump has confirmed the tariffs for Canada will be paused for 30 days after Ottawa agreed to stricter border measures to "finally end the deadly scourge of drugs like Fentanyl."
Trump made the declaration on his Truth Social platform shortly after Canadian Prime Minister Justin Trudeau said the tariffs would be postponed.
"As President, it is my responsibility to ensure the safety of ALL Americans, and I am doing just that," Trump said. "I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period."
In a separate statement on Monday, Trump also confirmed that he would delay the implementation of tariffs against Mexico after he spoke with Mexican President Claudia Sheinbaum.
EU will respond 'firmly' if targeted 'unfairly' by US — von der Leyen
European leaders warned that US President Donald Trump's threat to impose tariffs on the EU risked sparking a trade war that would harm consumers on both sides of the Atlantic, as well as strengthen China's hand.
European Commission President Ursula von der Leyen said the bloc was aware of "potential challenges" in Transatlantic trade relations.
"When targeted unfairly or arbitrarily, the European Union will respond firmly," von der Leyen said following an informal gathering of EU leaders in Brussels.
She said EU leaders wanted to be pragmatic, engage early, discuss and negotiate with the United States, as a way of averting trade tensions.
"The debate today in the room was about the principle, first of all, be prepared. And I can only say we are prepared," she told a news conference.
EU foreign policy chief Kaja Kallas said if the US and Europe embarked upon a trade war "then the one laughing on the side is China."
Trump said on Sunday the EU was next in line following his decision to impose sweeping tariffs on Mexico, Canada and China, before pausing the measures on Mexico and Canada on Monday.
"It will definitely happen with the European Union. I can tell you that because they've really taken advantage of us," Trump told reporters on Sunday.
"They don't take our cars, they don't take our farm products. They take almost nothing and we take everything from them."
What exactly are Trump's EU tariff threats?
US President Donald Trump has threatened several times in the past months to hit the European Union with tariffs.
He's been particularly vocal about what he has called unfair trade practices, particularly regarding the automotive and agricultural sectors and the US trade deficit with the EU.
But what exactly has Trump threatened?
Sunday, February 2
Trump said on Sunday that tariffs would be coming "pretty soon" for the EU but didn't go into more details.
Friday, 31 January
He would "absolutely" put "substantial" tariffs on goods coming from EU countries, Trump said, because the bloc had treated the US "so terribly."
"Am I going to impose tariffs on the European Union? Do you want the truthful answer or should I give you a political answer? Absolutely, absolutely," he told reporters in the Oval Office.
"They don't take our cars, they don't take our farm products, essentially, they don't take almost anything," he said.
And we have a tremendous deficit with the European Union. So, we'll be doing something very substantial with the European Union. We're going to bring the level up to where it should be."
Friday, 20 December
The EU "must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas," Trump wrote on his social media platform Truth Social while still president-elect.