Mexico’s President Claudia Sheinbaum gestures as she speaks about U.S. President Donald Trump’s insurance policies throughout a press convention on the Nationwide Palace, in Mexico Metropolis, Mexico January 21, 2025. REUTERS/Henry Romero
Henry Romero | Reuters
President Donald Trump on Monday mentioned that he’s pausing for one month his new 25% tariff on items getting into america from Mexico after Mexican President Claudia Sheinbaum agreed to right away ship 10,000 troopers to her nation’s northern border to stop drug trafficking.
The announcement of the pause got here two days after Trump slapped 25% tariffs on items from Mexico and Canada, in addition to a ten% tariff on items imported from China.
U.S. shares, which had opened buying and selling decrease Monday, regained most of these losses on information of the pause.
Trump mentioned in a social media submit that he and Sheinbaum spoke Monday morning.
“We additional agreed to right away pause the anticipated tariffs for a one month interval throughout which we could have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico,” Trump wrote within the submit.
“I stay up for taking part in these negotiations, with President Sheinbaum, as we try to realize a ‘deal’ between our two International locations,” Trump wrote.
Scott Bessent and Marco Rubio arrive forward of the sixtieth inaugural ceremony the place Donald Trump shall be sworn in because the forty seventh president on January 20, 2025, within the US Capitol Rotunda in Washington, DC.
Ricky Carioti | The Washington Put up | Getty Pictures
Sheinbaum had first disclosed the pause in a submit on the X social media website.
“We had a superb dialog with President Trump with nice respect for our relationship and sovereignty; we reached a sequence of agreements,” Sheinbaum wrote within the tweet, in line with a translation from Spanish.
She additionally wrote, “The US is dedicated to working to stop the trafficking of high-powered weapons to Mexico.”
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