In a recent update, Mexican President Claudia Sheinbaum announced that Mexico has managed to avoid U.S. tariffs, at least temporarily, thanks to an agreement with President Trump. Sheinbaum revealed that she had a conversation with Trump on Monday morning, resulting in a deal that postpones his plan to impose 25% tariffs on all Mexican goods entering the U.S. for at least a month.
As part of the agreement, Mexico has committed to deploying 10,000 National Guard members to enhance security along its northern border, with the aim of addressing issues related to migration and illegal drug trafficking.
The news comes after President Trump’s announcement over the weekend that significant tariffs on products from Mexico, Canada, and China would come into effect on Tuesday, sparking concerns of a potential trade war that could negatively impact the economies of all three countries and lead to higher costs for American consumers.
Trump signed executive orders imposing tariffs of 25% on imported goods from Mexico and Canada, along with a 10% levy on Canadian energy products. These tariffs would have violated a free trade agreement signed in 2020, which Trump had previously hailed as a groundbreaking deal that would promote fairness and balance in trade relations.
The agreement between Mexico and the U.S. to postpone tariffs demonstrates the importance of diplomatic negotiations in resolving trade disputes and avoiding potentially damaging economic consequences. It remains to be seen how the situation will evolve in the coming weeks and whether a long-term solution can be reached to address the underlying issues affecting trade between the two countries.