Trump temporarily suspends Mexico sanctions, delaying tariffs on Mexico for a month, BTC rebounds to 99K

robot
Abstract generation in progress

US-Mexico negotiations reach consensus, temporary halt to tariffs

U.S. President Trump announced on Monday (local time) that he will temporarily suspend the 25% tariffs on Mexican goods for one month. The decision was made after Mexican President Claudia Sheinbaum agreed to immediately dispatch 10,000 soldiers to the northern border to prevent drug smuggling.

The new tariff measures have just taken effect and all three countries, the United States, Mexico, and Canada, are affected.

Just two days ago, the Trump administration imposed a 25% tariff on imports from Mexico and Canada, and a 10% tariff on imports from China, which has attracted widespread attention. These tariff policies were originally a means for the US government to pressure border security issues, but are now temporarily suspended due to an agreement with the Mexican government.

Mexican President: Reached multiple agreements with the United States

Mexican President Xuenbaum posted on social media, saying that her conversation with Trump was "based on respect for the relationship and sovereignty of both sides," and that they have successfully reached multiple agreements. She particularly emphasized that the United States has committed to taking action to prevent highly lethal weapons from flowing into Mexico in response to the increasingly serious crime and drug problems.

Has the tariff issue been resolved? There are still variables.

Although Trump has decided to temporarily postpone tariff measures, whether they will be reinstated after a month still depends on Mexico's performance in border security issues. Whether this agreement can effectively curb drug trafficking, meet the requirements of the U.S. government, remains to be seen. In the future, both the U.S. and Mexico may need to further

TRUMP1.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
Three-year-oldWillReadvip
· 02-06 04:49
HODL firmly💎
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)