2 months, 1 week ago

Tariffs against Mexico delayed after Trump's 'friendly' chat with counterpart

Mexican President Claudia Sheinbaum announced on Monday that the United States has agreed to suspend the implementation of President Donald Trump's tariffs on Mexican goods for one month. "We further agreed to immediately pause the anticipated tariffs for a one-month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico," Trump said. US President Donald Trump on Saturday signed an order imposing hefty new tariffs of 25 per cent on goods from Mexico and Canada and 10 per cent on imports from China, threatening to ignite a trade war that could disrupt more than $2.1 trillion of annual trade. In a statement, the Republican said Americans may feel economic "pain" from his tariffs on key trading partners, but argued it would be "worth the price" to secure US interests.

India Today

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