Table of Contents
ToggleMexico-US Negotiations Reach Consensus, Tariffs Temporarily Suspended
US President Donald Trump announced on Monday (local time) that he will temporarily suspend the 25% tariff on Mexican goods for a month. This decision was made after Mexican President Claudia Sheinbaum agreed to immediately deploy 10,000 soldiers to the northern border to prevent drug smuggling.
New Tariff Measures Just Took Effect, US, Mexico, Canada All 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, causing widespread concern. These tariff policies were originally a means for the US government to put pressure on border security issues, but have now been temporarily suspended due to an agreement with the Mexican government.
Mexican President: Reached Multiple Agreements with the US
Mexican President Sheinbaum posted on social media that her conversation with Trump was "based on respect for the relationship and sovereignty of both parties", and that they successfully reached multiple agreements. She particularly emphasized that the US has promised to take action to prevent high-powered weapons from entering Mexico to address the increasingly serious crime and drug problems.
Are Tariff Issues Resolved? Variables Remain
Although Trump has decided to temporarily suspend the tariff measures, whether they will be reactivated after a month depends on the effectiveness of Mexico's performance on border security issues. Whether this agreement can effectively curb drug smuggling and meet the US government's requirements remains to be seen. In the future, the US and Mexico may need to further negotiate to ensure that their economic and trade relations are not affected by tariffs.
This temporary tariff suspension has temporarily relieved the market and businesses, but the US government's tough stance on border security has not changed, and whether there will be more tariff policies in the future is still a focus of attention for all.
Risk Warning
Cryptocurrency investment is highly risky, and its price may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.
