The United States has announced a temporary reprieve on the tariffs set to take effect against Mexico, with the two nations agreeing to engage in talks for the next month. The decision was made public on Monday by US President Donald Trump and Mexican President Claudia Sheinbaum.
As part of the agreement, Mexico will deploy 10,000 national guardsmen to the border to combat drug smuggling, according to the statement. In return, the US is “determined” to prevent the smuggling of high-powered weapons into Mexico.
The announcement comes after Trump had previously announced a 25% import tariff on all goods from Mexico and most goods from Canada, as well as a 10% tariff on energy products from Canada and Chinese goods, with the new tariff to be added to the existing one in the case of China. The exemption, which had previously applied to small goods valued at up to $800, is also set to be eliminated. This exemption has been widely used by many US small businesses, as well as large Chinese e-commerce platforms such as Shein or Temu.