No tariffs on Mexico for a least a month

American President Donald Trump decided on Monday to suspend his 25% tariffs on imports from Mexico after a negotiation with Mexican President Claudia Sheinbaum.

“I just spoke with the President of Mexico, Claudia Sheinbaum. It was a very friendly conversation during which she agreed to immediately provide 10,000 Mexican soldiers at the border separating Mexico and the United States,” Mr. Trump said on Truth Social.

This contingent of the Mexican National Guard aims to combat drug trafficking, particularly fentanyl, as well as illegal migrants. In return, the United States commits to preventing high-powered arms trafficking to Mexico, Mr. Sheinbaum announced on his X account.

The American president also stated that during this tariff freeze, negotiations will be conducted by Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, as well as high-level representatives from Mexico.

He added that he is “looking forward” to participating in these discussions with Ms. Sheinbaum to reach an agreement between the two countries.

The tariffs on imports from Mexico, Canada, and China were initially set to take effect on Tuesday. This measure targeting the three main trading partners of the United States had caused a shockwave in the North American economy.

However, the new agreement with Mexico allowed the stock market to recover.