President Donald Trump agreed on Monday to “stop immediately” for a month after a “very friendly” conversation with the country’s president Claudia Symbaum. I mentioned.
“I talked to Mexico’s President Claudia Shainbaum. It’s a very friendly conversation, and I agree to immediately supply 10,000 Mexican soldiers at borders separating Mexico and the United States. I did, “Trump wrote in a true society.
“These soldiers are specially designated to stop Fentanyl and stop the flow of illegal immigrants in our country,” he wrote.
Trump announced a new tariff on imports from Mexico, Canada and China on Saturday. The drastic behavior that will come into effect on Tuesday consists of 25 % of the imports of all imports from Mexico, mostly from Canada (when there is a 10 % tariff sculpture for energy products). New 10 % tariffs are on. Chinese products.
Unusual movements to the three largest trade partners in the United States have raised alarms even between Trump’s party, sending shock waves through the North American economy, rattling business and market, and still shaking from long -standing high inflation. We provided uncertainties to consumers.
His tariffs have already begun a trade war. Canada ordered retaliation tariffs, and China stated that he would “take necessary measures.”
Trump’s presidential orders that have moved tariffs include retaliation clause. The president also proposed another tariff in other countries in the second half of this month.
However, even Trump, a long -standing supporter of tariffs, on Sunday, economists, members of Congress, and even a part of his own aides, Americans cost new tariffs. I admitted that I could pay.
Economist states that if tariffs in North America are realized, the economy of Canada and Mexico will be promptly receded to raise the consumer price of automobiles, gasoline, wood, and other imported Americans. Masu.
Dow fell nearly 600 points at the opening bell, but the news of the agreement with Mexico was on the comeback crisis and sent stocks.
The suspension of tariffs in Mexico was praised by Senator Chuck Glassy, Senator Iowa GOP. Chuckgrassley appeals to Trump to exempt Katari from tariffs due to potential impact on the Iva Family Farmers, which has won most of the Canadian fertilizer.
“Good news about the pause of Mexico tariffs for one month,” Glasley posted to X on Monday. “Hopefully, negotiations will lead to more stories of tariffs.”
Regarding Canada, Trump made the first call with Prime Minister Justin Toldeau on Monday morning and said that he would follow up in the afternoon.
The President’s message did not provide signs to give tariffs on the barracks, but the fact that the second conversation is scheduled, the demand for Trump to stop the illegal flow of immigrants. It suggests that the lecture is progressing among the two leaders to meet. A medicine that crosses the border.
Susan Collins, a Republican member and frequent Trump critic, Susan Collins, also warns about Canadian tariffs and writes in X.
“I, in cooperation with the Trump administration, support the employees who can understand the potential impact of specific tariffs in the main state, and have the possibility of being exempted to the northern border nation. To know more about the implementation, range, period, and other important information, she added that a specific industry, agricultural producer, and other industries rely on trade with Canada. “
Mexico and the United States are holding high -level discussions on security and transition.
Mr. Trump said he was looking forward to participating in negotiations with Mexico on Monday.
“We agree to immediately pause the expected tariffs in one month. In this period, Secretary -General Marco Rubio, Secretary of the Finance, Secretary of Comers Howard Rutonic. , Mexico’s high -level representative will be led by, “He wrote. We look forward to participating in negotiations with President Shainbaum when we try to achieve” transactions. ” I am. “
Mexico is dispatched to 10,000 borders to the border of 10,000 people to reduce Fentanil’s flow to the United States, reinforce borders, and to improve its own territory security, Simbaum is Monday morning. I mentioned at a press conference.
“For humanitarian reasons, the United States must support the Fentanyl consumption crisis and lead to overdose death,” she said at a press conference on Monday morning.
Shanbaum also said for the first time to cooperate to prevent powerful weapons from entering Mexico.
“I think this is a very important aspect of the contract we have reached,” she said.
According to Symbaum, US and Mexican officials agree to pause for one month, and will continue to talk about security, migration, and trade.
Shanbaum also told Trump that the Mexican government opposed his comment that he had a connection with the cartel.
“There is no way to reach the agreement in such a situation,” she said.
Emphasize economic uncertainty
Customs duties and mere threats were expected to be a leading pillar in his second pillar in his first term, and his second pillar would be an important pillar.
“The president has used tariffs as a leverage tool,” said Brett Ryan, a US economist of the German bank. “Ultimately you will have to implement them, otherwise your threat will be meaningless.”
The contract may be a little grace to companies that depend on trade with Mexico, but immediately after midnight on Monday, tariffs will be implemented in China and Canada.
“I think companies are already preparing as much as possible,” Ryan said. “The threat has not clearly disappeared, and it is still there. At some point, we will take tariff measures.”
At least, the agreement will inject more unpredictable possibilities to the US economy.
“I really emphasize that there is a lot of uncertainty about how the policy is being developed,” said Susan Collins, the Boston Federal Reserve Preparatory System, from Sinbaum and Trump. Following the announcement, I mentioned in the Monday morning CNBC interview.
“It’s really impossible to make sure what the impact is without knowing what the actual policy is implemented,” said Collins, who is voting for the interest rate decision this year.
Collins stated that Trump’s extensive tariffs in Mexico, Canada and China are very unusual, making it difficult for central bank economists to analyze potential economic impacts.
For now, Collins stated that her expectations would increase the price of the product, but she was not sure that it would lead to a higher inflation level.
This story was updated with additional information.
CNN wire
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