After the 25% tariffs on goods from Canada and Mexico were halted for 30 days, the 10% tariff on Chinese goods took effect at midnight. Shortly after, China announced 10-15% counter tariffs on some U.

Feb. 3, 1:57 p.m. EST Trump announced the tariffs against Canada will be paused for 30 days, saying the longtime U.S. ally will implement a $1.3 billion border reinforcement plan that will bolster the U.S.-Canada border with “new choppers, technology and personnel... and increased resources to stop the flow of fentanyl.”