Tariffs with Mexico put on a 30 day hold
Posted: Feb 03, 2025
- Trump delays tariffs on Mexico for one month
- Extension granted after Mexico agrees to send soldiers to border
- White House official confirm extension only applies to Mexico
- Canada and China were also slapped with tariffs by Trump
- Speculation on whether similar delay could happen with Canada
- Mexican President Claudia Sheinbaum reached agreements with President Donald Trump to strengthen border security
- Tariffs on Mexico will be put on hold for one month
- Trump granted the delay after Mexico agreed to send 10,000 soldiers to the U.S.-Mexico border
- Tariffs on Canada and China, also imposed by Trump, are not included in the one-month delay
- Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick will meet with high-level representatives for further negotiations
- The tariffs are more about border security than trading relationships
- Trump signed executive orders imposing tariffs on North American neighbors and China
- All three countries have cracked down on fentanyl and undocumented migrants to address Trump's grievances
- The tariffs can be increased in response to retaliation to give flexibility in negotiations
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