US suspends tariffs on Mexican products following a 'very friendly' conversation
US President Donald Trump has declared a one-month postponement on the 25% tariffs recently placed on imports from Mexico. Read Full Article at RT.com
TroibNews 
President Donald Trump recently announced a halt to proposed trade tariffs on Mexican imports for a month after engaging in a “very friendly” conversation with his Mexican counterpart, Claudia Sheinbaum Pardo.
This announcement, made on Monday, follows Trump's decision to impose a 25% tariff on goods from Mexico and Canada, which he attributed to concerns regarding illegal immigration and drug trafficking. Additionally, tariffs of 10% were introduced on Chinese imports.
On his Truth Social platform, Trump shared that during his dialogue with Sheinbaum, she consented to deploy 10,000 Mexican soldiers to the northern border. He emphasized that these troops would be “specifically designated to stop the flow of fentanyl, and illegal migrants into our country.”
Trump also mentioned that both nations would partake in high-level negotiations, led by Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Howard Lutnick, who is Trump’s nominee for commerce secretary.
Sheinbaum validated the troop deployment through a post on X, underscoring a US commitment to addressing the “trafficking of high-powered weapons” into Mexico, and she characterized their exchange as a “good conversation.”
Tensions had risen over the weekend when Trump accused Sheinbaum’s administration of maintaining an “intolerable alliance” with Mexican crime organizations. Sheinbaum dismissed this accusation as “slanderous” and threatened retaliatory tariffs on US imports, among other actions to safeguard Mexico’s national interests.
The trade relationship between the US and Mexico remains robust, centered around the United States-Mexico-Canada Agreement, which replaced NAFTA in 2020. This agreement largely eliminated tariffs and trade barriers among the three countries. A significant number of cars sold in the US are assembled in Canada and Mexico, with 30-50% of their components sourced from these countries.
While the proposed tariffs on Mexico have been paused, the US is continuing with those imposed on Canada and China. Canadian Prime Minister Justin Trudeau quickly responded with 25% retaliatory tariffs on American goods following Trump's actions concerning Canadian imports.
China has also indicated it will implement “corresponding countermeasures” and is considering challenging Trump’s move at the WTO.
The decision to pause tariffs on Mexico positively impacted Wall Street on Monday, with major indices recovering some of their earlier losses.
Alejandro Jose Martinez for TROIB News
This announcement, made on Monday, follows Trump's decision to impose a 25% tariff on goods from Mexico and Canada, which he attributed to concerns regarding illegal immigration and drug trafficking. Additionally, tariffs of 10% were introduced on Chinese imports.
On his Truth Social platform, Trump shared that during his dialogue with Sheinbaum, she consented to deploy 10,000 Mexican soldiers to the northern border. He emphasized that these troops would be “specifically designated to stop the flow of fentanyl, and illegal migrants into our country.”
Trump also mentioned that both nations would partake in high-level negotiations, led by Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Howard Lutnick, who is Trump’s nominee for commerce secretary.
Sheinbaum validated the troop deployment through a post on X, underscoring a US commitment to addressing the “trafficking of high-powered weapons” into Mexico, and she characterized their exchange as a “good conversation.”
Tensions had risen over the weekend when Trump accused Sheinbaum’s administration of maintaining an “intolerable alliance” with Mexican crime organizations. Sheinbaum dismissed this accusation as “slanderous” and threatened retaliatory tariffs on US imports, among other actions to safeguard Mexico’s national interests.
The trade relationship between the US and Mexico remains robust, centered around the United States-Mexico-Canada Agreement, which replaced NAFTA in 2020. This agreement largely eliminated tariffs and trade barriers among the three countries. A significant number of cars sold in the US are assembled in Canada and Mexico, with 30-50% of their components sourced from these countries.
While the proposed tariffs on Mexico have been paused, the US is continuing with those imposed on Canada and China. Canadian Prime Minister Justin Trudeau quickly responded with 25% retaliatory tariffs on American goods following Trump's actions concerning Canadian imports.
China has also indicated it will implement “corresponding countermeasures” and is considering challenging Trump’s move at the WTO.
The decision to pause tariffs on Mexico positively impacted Wall Street on Monday, with major indices recovering some of their earlier losses.
Alejandro Jose Martinez for TROIB News
