Trump’s tariffs on Mexico delayed by a month after panic sparked over major price hikes on groceries and gas
THE US tariffs against Mexico will be put on hold for a month hours before the 25% tax was scheduled to be implemented on Tuesday
President Donald Trump‘s threats to impose a 25% tariff on Mexico and Canada, and a 10% tariff on China disrupted the global economy, sending stock markets in a tailspin.
Leaders in the affected countries scrambled to retaliate as President Trump signed an executive order over the weekend that would see the tariffs take effect on Tuesday.
Canada announced a retaliatory levies of 25% on US goods, while China vowed to file a lawsuit with the World Trade Organization against the United States.
On Monday, Mexican President Claudia Sheinbaum announced her administration and President Trump reached a series of agreements that would delay the tariffs on Mexico for a month.
Sheinbaum said at a news conference that she spoke on the phone with Trump on Monday, describing it as a “long conversation.”
“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements,” the Mexican president wrote on X.
Among the series of agreements includes Mexico’s immediate action to reinforce the northern border with 10,000 members of the country’s National Guard.
The bolstered National Guard presence will be to prevent drug trafficking from Mexico to the United States, particularly fentanyl, Sheinbaum said.
More to follow… For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos.
Like us on Facebook at TheSunUS and follow us on X at @TheUSSun