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Mexico President Says Trump Tariffs Delayed for One Month
Posted
February 3, 2025
Views
9,488
Likes
274
Comments
40
Engagement
3.31%
February 3, 2025
9,488
274
40
3.31%
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0:35Now PlayingPresident Donald Trump agreed to delay 25% tariffs against Mexico for one month after a conversation with his counterpart Claudia Sheinbaum on Monday, a dramatic turnabout with the neighboring nations on the brink of a trade war.
Markets rallied after Sheinbaum announced the delay and Trump confirmed it in a social media post, with the peso recovering to gain more than 1% against the dollar. The pair of leaders agreed that Mexico would send 10,000 National Guard officers to the border to stem the flow of fentanyl and migration into the US, a key demand from Trump for it to avoid tariffs.
The delay with Mexico bolsters the view that Trump sees tariffs as a negotiating ploy but is still reluctant to inflict economic pain on Americans.
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