Mexico Avoids U.S. Tariffs After Reaching Deal With Trump
In the latest development, Mexican President Claudia Sheinbaum announced on Monday that at least after reaching an agreement with President Trump, Mexico has successfully avoided US tariffs. Sheinbaum shared her conversation with Trump on Monday morning and reached a transaction on X. The agreement delayed that he imposed a 25 % tariff on tariffs of at least one month of tariffs on all Mexican products imported to the United States.
In return, Mexico has agreed to deploy 10,000 members of the National Guard to strengthen its northern border to resolve immigration and illegal drug trafficking.
Friendly discussion between the country
President SHEINBAUM shared The news on her social media platform X shows that the negotiations are respectful and centered on the sovereignty and relationship between the two countries. President Trump announced the suspension of tariffs in social media posts and called discussions as “very friendly”, and pointed out that the two countries will continue to negotiate next month. However, trade tariffs on Canada and China are still scheduled to take effect on Tuesday.
On the weekend, President Trump announced that high tariffs on goods in Mexico, Canada and China will take effect on Tuesday, threatening a trade war, which may damage the costs of these three economies and increase the cost of American consumers.
Trump signed an execution order, which imposed 25 % responsibilities on imported goods in Mexico and Canada, and the tax rate for Canadian energy products was 10 %. Tariffs will violate a free trade agreement signed and celebrated by Trump himself in 2020. “We have signed the most fair, balanced, and most useful trade agreement for the law.”
Why do I need tariffs?
Trump also proposed a 10 % tax to all imports of imports in China, and pointed out that tariffs are necessary because Mexico, Canada and China have not made enough ways to prevent unauthorized immigrants and drug trafficking to the United States. The White House emphasized to emphasize the White House. Tariffs will stay until the crisis is resolved. Trump insists that nothing can stop him from imposing them.
Encryption market rebound
Within an hour after the release, the price of Bitcoin soared by nearly $ 4,000, reaching $ 99,605, and then settled at a price of $ 99,000. With the spread of the trade war, the price dropped later on Sunday, the price dropped to $ 92,460, which affected the markets other than cryptocurrencies.
