The countdown for the goods to stop circulating freely through the borders of the United States with Mexico has stopped. The two countries have reached a last moment agreement for. “We held a good conversation with the president [Donald] Trump, with much respect for our nation and sovereignty, ”said Mexican president, Claudia Sheinbaum. The US president confirmed the agreement. Trump plans to speak later with the Prime Minister of Canada, Justin Trudeau. It is unknown if there will also be a postponement of tariffs.
The Mexican president announced that her government will display 10,000 National Guard agents immediately to curb drug trafficking, particularly Fentanyl, while Washington undertakes to combat illegal trafficking in firearms. “Our teams will start working today in two aspects: security and commerce,” added the president.
The agreement arrives in a surprising way, at the gates of one of the worst crises that the bilateral relationship has faced in decades and while both countries refined the last details to embark on a commercial war. The agreement has been achieved after a call held at 8 in the morning of this Monday, with a duration of more than half an hour, according to the details shared by the Mexican government. “It has been a work of the entire team,” the president celebrated, announcing a series of pacts to collaborate on the border. “Finally, we reached an agreement,” he said.
Trump confirmed the agreement to suspend tariffs to Mexico for a month: “I just talked to President Claudia Sheinbaum of Mexico. It was a very friendly conversation in which it agreed to immediately supply 10,000 Mexican soldiers on the border that separates Mexico from the United States. These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants in our country. We also agreed to immediately suspend the anticipated tariff Mexico level. I hope to participate in these negotiations, together with President Sheinbaum, in our attempt to achieve an ‘agreement’ between our two countries, ”
Tariffs decreed by the president of the United States entered into force on February 4. Trump announced Monday that he had spoken with Canada’s prime minister, Justin Trudeau, but that he would do it again at 3 pm in Washington (9:00 p.m. in peninsular Spain). The first conversation was not very productive, according to the message published by the Republican president in Truth, his social network. “Canada does not even allow US banks to open or do business there. Why all this? Many things, but it is also a drug war, and hundreds of thousands of people have died in the United States due to drugs that are poured through the borders of Mexico and Canada. I just talked to Justin Trudeau. I will talk to him again at 3 in the afternoon, ”he wrote. Actually, while the police and customs agents seized about 10 tons of fentanyl on the southern border, on the border with Canada the figure did not reach 20 kilos. It is unknown if you will also suspend tariffs in the second conversation.
Trump with Trudeau and Sheinbaum, but still did not seem to have great expectations. “I don’t expect anything very dramatic. We have put tariffs. They owe us a lot of money and I am sure they will pay, ”he told reporters after getting out of the Air Force One, the presidential plane, on his return to Washington after spending the weekend in Mar-A-Lago, his mansion in Palm Beach (Florida).
When asked what Canada and Mexico have to do to raise tariff Economic war. “They have to balance their trade, number one. They have to prevent people from entering our country, and we have prevented it. They have not prevented it. We have done it. They have to stop the entry of people, and we have to stop the fentanyl. And that includes China, ”he replied.
From January to November 2024, the United States imported assets from Mexico worth 466.6 billion dollars, bought merchandise for 337.2 billion and imported products for 401.4 billion from China. The largest commercial deficit in that period was with China, for the amount of 270.4 billion, followed by Mexico (157.2 billion) and Canada (55,000 million). Trump has exaggerated those numbers over and over again and has falsely presented them as subsidies.
In his Sunday statements he lashed out especially at Canada and warned of possible reprisals: “It has been a unique sense. We subsidize Canada with about 200,000 million dollars a year. And for what? What do we get? We don’t get anything … something is going to happen there. If you want to play, I don’t care, we can play everything they want. [Con] Mexico, we have had very good conversations. ”
Tariffs to the European Union
Trump also insisted that there will be tariffs for the euro zone: “Definitely, it will happen with the European Union, I assure you, because they have really taken advantage of as I said. You know, we have more than 300,000 million dollars of deficit. I would not say that there is a calendar, but it will be very soon, ”he said, reiterating a message that already launched Friday from the Oval Office of the White House.
The president of the United States has promised to open new fronts in the commercial war with sector levies on products such as pharmacists, oil, semiconductor chips, steel, aluminum or copper. The Republican proposed campaigning to impose reciprocal tariffs on US imports equal to the types that commercial partners impose on US exports (usually seniors). That would be added (or overlap) a universal basic tariff from 10% to 20% above all imports. For China, Trump promised a 60% tariff above all imports.
They have already caused an earthquake in financial markets. Since the opening of the negotiation tables in Asia, the dollar shot against the main currencies and approached parity with the euro. The green ticket marked historical maximum or in recent years against the Canadian dollar, the Chinese yuan and the Mexican peso. The bags suffered strong falls, with the punishment concentrated in exporting companies and exposure to the United States through Mexico or Canada. Meanwhile, oil became more expensive for possible market distortions. The uncertainty and the greatest risk aversion also caused strong falls of cryptocurrencies. With the announcement of the suspension of tariffs to Mexico, a good part of the previous movements were reversed.
Trump also spoke on Sunday about the possible self -inflicted damage with tariffs for the US economy. “We may in the short term we have a little pain, and people understand it. But in the long term, the United States has been scammed by practically all countries in the world. We have a deficit with almost all countries, not with everyone, but almost, and we will change it. It has been unfair, ”he said.
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