Trump to pause Mexico tariffs for 1 month after Mexico’s President agrees to more border security
Posted Feb 3, 2025 11:02:16 AM.
Last Updated Feb 3, 2025 05:06:00 PM.
U.S. President Donald Trump has agreed to pause 25 per cent tariffs on Mexico for one month after Mexico’s President Claudia Sheinbaum committed to bolstering security at their shared border.
Both presidents confirmed the agreement on their social media pages.
Sheinbaum said Mexico will immediately reinforce the northern border with 10,000 members of the National Guard “to prevent drug trafficking from Mexico to the United States, particularly fentanyl.”
“They are pausing tariffs for one month from now,” she said.
Trump confirmed the two had a “friendly conversation” where the deal was struck, but stressed it was temporary.
“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. I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a “deal” between our two countries.”
Canada granted similar pause
After news of the Mexico agreement broke, all eyes were on Canada to see if a similar pause on 25 per cent tariffs could be struck before coming into effect on Tuesday.
After two phone calls between President Trump and Prime Minister Justin Trudeau, a deal was indeed struck.
Trudeau said Trump agreed to pause the tariffs on Canadian goods after Trudeau promised to bolster border security.
Canada already has a new $1.3 billion border plan in place, but it wasn’t enough to appease Trump.
In a social media post Trudeau outlined some of the new measures that have managed to stave off the tariffs while the two sides work towards a more permanent agreement.
“In addition, Canada is making new commitments to appoint a Fentanyl Czar, we will list cartels as terrorists, ensure 24/7 eyes on the border, launch a Canada- U.S. Joint Strike Force to combat organized crime, fentanyl and money laundering,” Trudeau wrote.
“I have also signed a new intelligence directive on organized crime and fentanyl and we will be backing it with $200 million. Proposed tariffs will be paused for at least 30 days while we work together.”