Donald Trump pauses tariffs for Mexico for one month, to meet with Claudia Sheinbaum
February 3, 2025
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5:15Now PlayingDonald Trump pauses tariffs for Mexico for one month, to meet with Claudia Sheinbaum
YouTube Description
as posted by the channelMexico and the United States have reached a one-month agreement to stave off tariffs and a looming trade war, the threat of which sent global markets tumbling early Monday.
The 25% tariffs on Mexico were set to go into effect Tuesday, despite an existing free-trade agreement between the two countries that wasn't up for renegotiation until 2026. Trump signed the agreement during his first term.
By midday Monday, Trump's 25% tariff on Canadian goods and a 10% tariff on Chinese goods still appeared on course to begin Tuesday.
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