Tariff Deal

2/3/25 New York Times explains how both Mexico and Canada have received a delay on increases tariffs while correcting border issues involving illegal aliens and fentanyl smuggling:

"President Trump and the leaders of Mexico and Canada struck last-minute deals on Monday to postpone the imposition of hefty tariffs on goods exported to the United States, averting at least temporarily a damaging trade war that would roil North America and the global economy.

"Canada’s prime minister, Justin Trudeau, after speaking twice by telephone with Mr. Trump, said U.S. tariffs on his country’s goods would be postponed by 30 days as negotiations on a border deal took place. That announcement came hours after Mexico negotiated a similar delay, agreeing to send thousands of troops to the U.S.-Mexico border."

The tariff threat has caused serious stock market damage, so it appears this may alleviate it.