Author Topic: Trump drops Mexico tariff threat after deal on migrants  (Read 124 times)

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Trump drops Mexico tariff threat after deal on migrants
« on: June 08, 2019, 09:20:33 AM »
Trump drops Mexico tariff threat after deal on migrants
By Jordan Fabian,Rafael Bernal and Tal Axelrod - 06/07/19 08:34 PM EDT

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President Trump said Friday evening he would drop plans to impose sweeping tariffs on Mexico after the United States' southern neighbor agreed to take new steps to crack down on illegal migration.

The decision—reached three days before the tariffs were set to take effect—averts a possible showdown with Congress and could soothe jittery financial markets that have been rattled by the proposed duties, which lawmakers and experts warned could damage the U.S. economy.

“I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended,” Trump tweeted.

Trump said the Mexican government would “take strong measures to stem the tide of Migration through Mexico, and to our Southern Border.”

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https://thehill.com/homenews/administration/447552-trump-says-tariffs-on-mexico-indefinitely-suspended
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