President Trump said that he is pausing for one month a new 25% tariff on goods entering the United States from Mexico after Mexican President Claudia Sheinbaum agreed to immediately send 10,000 soldiers to her country’s border to prevent drug trafficking.https://t.co/PjRns5Hgar pic.twitter.com/yr0EasxRxm
— CNBC (@CNBC) February 3, 2025
President Donald Trump on Monday said he is pausing for one month his new 25% tariffs on goods imported from Mexico after that country’s president agreed to immediately send 10,000 soldiers to the U.S. border to prevent drug trafficking from Mexico.
Trump in a social media post said that during the pause “we will have negotiations” on the tariffs “headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico.”
He also said “I look forward to participating in those negotiations” with Mexico President Claudia Sheinbaum “as we attempt to achieve a ‘deal’ between our two Countries.”
The announcement of the pause came two days after Trump slapped 25% tariffs on goods from Mexico and Canada, as well as a 10% tariff on goods imported from China.
U.S. stocks, which had opened trading lower Monday, regained most of those losses on news of the pause of the tariffs on goods from Mexico.
Trump in his Truth Social post said that he and Sheinbaum spoke Monday morning ahead of the announcement of the pause.
Both he and Sheinbaum said that the 10,000 Mexican National Guard troops that she is sending to the border with the U.S. will have the mission of halting drug trafficking from Mexico, particularly that of the deadly opioid fentanyl.
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