Trump Delays New Tariffs on Mexican Imports by a Month

President Donald Trump of the USA has decided to postpone the implementation of new tariffs on Mexican imports for a month. This decision came after Mexican authorities agreed to bolster their northern border security by deploying 10,000 National Guard troops to combat drug trafficking, reports NewsBox.

Initially, Trump had announced that new tariffs of 25% on goods from Mexico and Canada, as well as 10% on imports from China, would come into effect simultaneously starting next Tuesday. He justified this move as necessary to enhance border security, crack down on drug smuggling, and reduce the trade deficit, according to BBC.

Furthermore, the American leader hinted that similar tariffs could be imposed on EU countries in the future. However, he clarified that, in his opinion, an agreement with the UK might still be possible.

"They don't buy our cars, they don't purchase our agricultural products—almost nothing—while we buy everything from them," Trump noted in a discussion with journalists.

Following these statements, the U.S. stock market opened with a drop in key indices on Monday. However, less than a day before the new tariffs were scheduled to take effect, Mexican President Claudia Sheinbaum announced that she had a phone conversation with Trump and reached an agreement to postpone the tariffs.

Sheinbaum clarified that the agreement includes not only strengthened border control but also commitments from the U.S. to restrict the supply of high-powered weapons to Mexico.

Trump stated that the postponement would allow both parties to discuss conditions for future cooperation, and he emphasized that negotiations would continue over the month.

"I look forward to meeting President Sheinbaum to reach a mutually beneficial agreement," the American leader wrote on the Truth Social platform.

Sheinbaum, on the other hand, noted that the additional time allows for joint efforts to work out details and reach the most optimal solution.

After this news, U.S. stock markets recovered some of their losses, and the Mexican peso strengthened its position.