- "I am pleased to inform you that The United States of America has reached a signed agreement with Mexico," Trump announced on Twitter.
- Trump previously announced he would impose a 5% tariff on imports from Mexico, citing an influx of migrants "coming into our Country from Mexico."
- The president in his recent announcement said Mexico had agreed "to take strong measures to stem the tide of Migration."
- Visit Business Insider's homepage for more stories .
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DEAL REACHED: Trump says upcoming Mexico tariffs will be 'indefinitely suspended'
President Donald Trump announced on Friday evening that the tariffs he threatened last week would be "indefinitely suspended" after negotiations with Mexico.
donald trump
President Donald Trump announced on Friday evening that the tariffs he threatened last week would be "indefinitely suspended" after several days of negotiations with Mexico.
"I am pleased to inform you that The United States of America has reached a signed agreement with Mexico," Trump announced on Twitter. "The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended.
Trump previously announced he would impose a 5% tariff, citing an influx of migrants "coming into our Country from Mexico."
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Trump threatened the tariffs would increase to 10% in July, 15% in August, 20% in September, and 25% in October, if Mexico did not adequately take steps to lower the illegal immigration rate. Trump added at the time that the US will have the "sole discretion" in determining whether Mexico has done enough to "alleviate" the border crossings.
The president in his recent announcement said Mexico had agreed "to take strong measures to stem the tide of Migration."
"This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States," Trump said in his tweet.
This is a developing story. Check back for updates.
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See Also:
- Trump in Fox News interview suggests Mexico isn't a US ally and accuses the country of killing thousands of Americans
- Trump, who has repeatedly misstated who pays tariffs, says senators 'have no idea what they're talking about' when it comes to tariffs
- 'No bluff!': Trump slams Chuck Schumer for criticizing his Mexico tariffs as he faces the prospect of a Republican revolt in the Senate
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