US-Mexico Negotiations Reach Consensus, Tariffs Temporarily Halted
US President Donald Trump announced on Monday (local time) that he will temporarily suspend the imposition of a 25% tariff on Mexican goods for one month. This decision comes after Mexican President Claudia Sheinbaum agreed to immediately deploy 10,000 soldiers to the northern border to prevent drug smuggling.
New Tariff Measures Affect US, Mexico, and Canada
Just two days ago, the Trump administration imposed a 25% tariff on imports from Mexico and Canada, as well as a 10% tariff on imports from China, causing concern in various sectors. These tariff policies were originally a means for the US government to pressure border security issues, but are now temporarily suspended due to the agreement reached with the Mexican government.
Mexican President: Multiple Agreements Reached with the US
Mexican President Sheinbaum stated 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 specifically emphasized that the US has promised to take action to prevent high-powered weapons from flowing into Mexico to address the increasingly serious crime and drug problems.
Is the Tariff Issue Resolved? Variables Remain
Although Trump has decided to temporarily suspend the tariff measures, whether they will be reinstated after one month still depends on the effectiveness of Mexico’s actions on border security issues. It remains to be seen whether this agreement can effectively curb drug smuggling and meet the demands of the US government. In the future, further negotiations between the US and Mexico may be necessary to ensure that the economic and trade relationship between the two countries is not impacted by tariffs.
The temporary suspension of tariffs has provided temporary relief to the market and businesses, but the US government’s hardline stance on border security has not changed, and whether there will be more tariff policies in the future remains a focus of attention.
Risk Warning
Cryptocurrency investment carries a high level of risk, and prices may fluctuate dramatically, resulting in the potential loss of all capital. Please assess the risks carefully.