Trump's Tariffs in Chaos Already After Stock Markets Plunge [View all]
Donald Trump’s proposed 25 percent tariffs on all Mexican imports has been put on pause for a month.
The delay was revealed Monday morning after Trump spoke with Mexico’s president Claudia Sheinbaum Pardo by phone in a convo he described as “friendly”—a break from the so-far frosty relationship between the leaders.
There have been no reports that suggest a similar deal has been reached with Canada.
Sheinbaum said Mexico, as part of a deal with Trump, will immediately reinforce its northern border with 10,000 National Guard soldiers to curb drug trafficking into the U.S. She said there will be an emphasis on stopping the flow of fentanyl.
She added the U.S. has also committed “to working to prevent the trafficking of high-powered weapons into Mexico,” suggesting the border commitment will go both ways. Proposed retaliatory tariffs on American goods in Mexico have also been paused.
The sharp tariffs, which Trump admitted may bring “pain” to American consumers, were blamed for a sharp drop in the S&P 500 at opening on Monday. Despite announcing the tariffs Friday, they were set to go into effect Monday evening.
https://www.thedailybeast.com/trump-hits-pause-on-trade-war-just-as-pain-begins/
Yup, tanking the markets. Real smart, you orange slime!
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