From the Liveblog of
Monday, February 3, 2025
Trump pauses new tariffs after Mexico agrees to reinforce border with 10,000 troops to stop drug smuggling
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WASHINGTON/BRUSSELS – US President Donald Trump says he’ll 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.
Mexican President Claudia Sheinbaum says the agreement also includes a US commitment to act to prevent the trafficking of high-powered weapons to Mexico. The two leaders spoke by phone today, just hours before US tariffs on Mexico, China and Canada were set to take effect.
The two countries will use the monthlong pause to engage in further negotiations, Trump says on social media.
US stocks and other global financial markets slumped on the looming tariffs, while world leaders responded to Trump’s threats to expand tariffs to the European Union as well.
The Times of Israel Community.