In an important development, President Donald Trump has announced a month’s suspension of 25% tariffs planned on Mexican imports. The decision follows a conversation with Mexican President Claudia Shinbam, in which Mexico committed to raising its border security measures to overcome mutual concerns.
Details of the Agreement
This includes sending 10,000 national guard soldiers to the northern border of Mexico to combat drug trafficking. In return, the United States focusing on the stream flow, it is the United States in this matter. The two countries have time to see what works and more to talk.
Negotiations are in progress with Canada and China
The United States has temporarily agreed with Mexico, but the conversation with Canada and China is still pending. American and Canadian will have a 25% tariff on imports and a 10% tariff on Chinese goods from February 1st. Canadian Prime Minister Justin Trudeau has shown a desire to negotiate, but no compromise has been made so far. China has threatened to take counters and assess legal steps through international trade organizations.
The latest decision from the White House on suspension of tariff rates against Mexico for a month is an important milestone in the development of American trade policy: to portray openness to interaction and collaboration on complex issues. Following these negotiations, stakeholders will be given full attention to their international trade conditions and the results of financial stability as a result.
Trade and economy
The preliminary customs dump had aroused concern about potential price growth for US consumers, especially Mexican imports in areas such as agricultural and motor vehicles. The suspension provides temporary relief to companies and consumers who are concerned about cost increases. However, the uncertainty surrounding the future of these customs continues to meet challenges for the economic plan and stability.
Reactions from stakeholders
The world of business has largely appreciated suspension and has seen it as a means of avoiding short early economic shocks. Industry leaders hoped that the extra time would be converted into a very high overall agreement that takes the concerns of the two countries on board without using retaliation. On the other hand, decision makers claim that the temporary suspension can exclude uncertainty for a long period, thus disrupting long -term investment decisions.
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