Mexico’s President Claudia Sheinbaum Pardo has announced a temporary suspension of tariffs for one month following a productive conversation with U.S. President Donald Trump. The move comes as part of a broader effort to address critical security and economic concerns between the neighboring countries.
As part of the agreement, Mexico will deploy 10,000 troops to bolster security along the U.S.-Mexico border. In return, the U.S. has pledged to ramp up efforts to curb firearm trafficking into Mexico, a persistent issue fueling cartel violence.
BREAKING: President Trump has announced he will pause the 25% tariff on Mexico for one month after Mexican President Claudia Sheinbaum Pardo agreed to immediately deploy 10,000 Mexican soldiers to the U.S.-Mexico border to stop the flow of fentanyl and illegal immigrants into… pic.twitter.com/FpRmw4Pchj
— RedWave Press (@RedWave_Press) February 3, 2025
CNBC reports:
Sheinbaum also said in a tweet, that after speaking with Trump, Mexico “will immediately reinforce” its northern border with the U.S. with 10,000 National Guard soldiers “to prevent drug trafficking from Mexico to the United States, particularly fentanyl.”
“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements,” Sheinbaum wrote in the tweet, according to a translation from Spanish.
“The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico,” she wrote.
The announcement underscores the ongoing collaboration between Mexico and the U.S. on border security and trade, particularly as both nations navigate shifting political landscapes and ongoing national security concerns.
I just spoke with President Claudia Sheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican Soldiers on the Border separating Mexico and the United States. These soldiers will be specifically designated to stop the flow of…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) February 3, 2025
in 2022, trade between Mexico and the United States totaled $779.3 billion, making Mexico the second-largest trade partner of the U.S. According to the U.S. Department of State, the following year total trade reached $807 billion, indicating deepening economic integration.
Initially, the North American Free Trade Agreement (NAFTA) was established to promote trade and economic integration among the U.S., Canada and Mexico. In 2020, it was replaced by the United States-Mexico-Canada Agreement (USMCA).
U.S. stocks bounced back quickly after Trump’s latest announcement.
As of 11:00 a.m., the Dow Jones Industrial Average was down just 141 points (0.3%), a sharp recovery from its earlier 665-point drop.
This is a breaking news story. Please check back for updates.
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this is exactly what governments should do to improve relations. These decisions will help both.
This is what happens when you take a forceful stance with these third world dictators. “Peace through strength” works a whole lot better than the “give them what they want” policy of the Obama and Biden administrations
Looks like ”TARIFFS” have a positive effect on change.