President Trump says the Chinese tariffs are a response to trade deficits, and the flow of fentanyl into the US The United States runs a trade deficit with the European Union, which means it imports more from European countries than it sells to them.

Canadian Prime Minister Justin Trudeau said Monday in a social media post that the United States had agreed to pause threatened tariffs for “at least 30 days.” The announcement followed two phone calls with President Donald Trump on Monday and came after the United States and Mexico reached a similar agreement.

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.”