- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
U.S. President Donald Trump will pause new tariffs on Mexico for one month after Mexico agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, particularly fentanyl, he said on Monday on social media.
Mexican President Claudia Sheinbaum said the agreement also includes a U.S. commitment to act to prevent trafficking of high-powered weapons to Mexico. The two leaders spoke by phone on Monday, just hours before U.S. tariffs on Mexico, China and Canada were set to take effect.
The two counties will use the month-long pause to engage in further negotiations, Trump said.
Is it really dumb? The tariffs hurt both sides. Things will be much more expensive for us, and because they are more expensive, less of Mexican things will be bought. When Mexico uses retaliatory tariffs, same thing happens, bit this time in reverse.
Everyone loses.