Donald Trump 'indefinitely suspends' imposing tariffs on Mexican imports after an agreement was reached between US and Mexico
US President Donald Trump says an agreement with Mexico was reached, and the punishing tariffs he had been threatening were"indefinitely suspended."
"I am pleased to inform you that The United States of America has reached a signed agreement with Mexico," Trump said on Twitter. Last week. Trump announced a five percent tariff would be applied to all goods from export-dependent Mexico, rising by five percentage points each month to a high of 25 percent, until US demands on migrant controls were satisfied.
Mexico has scrambled to appease Washington, agreeing on Thursday to deploy 6,000 National Guard troops to its southern border, blocking a new migrant caravan and freezing the bank accounts of suspected human traffickers. Trump threatened the tariffs out of frustration with the Mexican government's permitting hundreds of thousands of mostly Central American migrants stream across the country northward to the US border.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Today: President jacks up tariff pressure on Mexico as he lays out China levy timelineTrump said he’d be “very happy” to go ahead with the tariffs he’s threatened on Mexican goods — but told reporters “something pretty dramatic could happen”
Read more »
U.S. and Mexico fail to reach border security deal days before Trump tariffs deadlineU.S. and Mexico failed to reach an agreement on immigration, inching closer to President Trump’s Monday deadline for new tariffs to be imposed on all Mexican imports.
Read more »
Mexico has benefited from the US-China trade war — but Trump could change thatU.S. President Donald Trump said last week he will impose a 5% tariff on all American imports from Mexico starting June 10 to address his immigration concerns.
Read more »
Mexico Cites Advances in U.S. Talks to Avert Trump's Tariffs“Talks will continue this afternoon -- they’re not over yet -- I think they are advancing,” Ebrard told reporters in Spanish at the State Department, where he met with unspecified U.S. officials Thursday. Earlier, though, White House aide Mercedes Schlapp said that Mexico hadn’t offered to do enough
Read more »
Trump says there's a 'good chance' that Mexico averts tariffs with deal that includes purchase of US farm goodsPresident Donald Trump said on Friday that Mexico may be able to avert tariffs on its goods by purchasing American agricultural products. Trump had previously said that escalating tariffs would be imposed, starting Monday, until Mexico took steps to stem unlawful immigration to the U.S.
Read more »
Trump says deal possible with Mexico in migration rowUS President Trump says good chance US will reach immigration deal with Mexico but adds 'if we are unable to make the deal, Mexico will begin paying tariffs at the 5 percent level on Monday.'
Read more »