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Donald Trump stopped the overwhelming customs tariffs on Mexico and Canada hours before the start of the implementation, causing the markets for investors and companies to struggle to accommodate a wave of White House policy ads.
Deit deals were announced to determine the customs tariff for a month on two of the largest trading partners in the United States after separate bilateral calls between Trump, Mexican President Claudia Shinbom and Canadian Prime Minister Justin Trudeau.
On Monday morning, Shinbom said that Trump had been delayed by 25 percent Definitions After I promised to send 10,000 National Guard soldiers to the border with the United States to combat drug trafficking,
“It was a good conversation, with respect,” she said. “It comes to cooperation and coordination, without losing sovereignty.”
Later on Monday, Trumpo said that Trump agreed to a similar pause for a month with Canada, in exchange for Ottawa's approval to have 10,000 “front lines employees” on the border.
Trump's announcement on Friday evening High tariff on Mexico, Canada and China He was his first step in major international economic policy since he took office again on January 20, where he shook investors and US allies with Lurch towards protectionism.
The Mexican bizo fell by up to 3 percent against the dollar on Monday, but rose after the announcement of the stop. Arrows in car makers As integrated supply chains across North America decreased sharply, as General Motors decreased by 6 percent, before reducing losses.
Trump confirmed the stoppage for a month with Mexico and Canada on social media. He described his call with Shinbom as a “friendly conversation”.
He added that US Treasury Secretary Scott Beesen, Trade Minister Howard Lottenic, and Foreign Minister Marco Rubio will hold talks with high -ranking Mexican officials in trade and security.
“I look forward to participating in these negotiations, with President Shinbom, as we are trying to achieve a” deal “between the two countries,” Trump wrote.
Canadian Prime Minister Justin Trudeau spoke to Trump on Monday afternoon, where he wrote on X that “the proposed definitions will be stopped for at least 30 days while we work together.”
The re -postponement of 30 days means that the deal will end in the last days of Trudeau before choosing a new liberal leader on March 9, which leads to another round of unconfirmed negotiations.
A senior Canadian official said the government will hold a meeting in the cabinet on Monday evening to discuss how to implement the agreement with Trump.
The Canadian dollar was reduced earlier in the decreases in trading against Greenback, amid hopes for an agreement, while the American currency scale against six other peers abandoned previous gains of trading of only 0.1 percent a day.
American stock indicators also cut off early, with the S&P 500 closed by 0.8 per cent, compared to a decrease of approximately 2 percent at the beginning of the trading session on Monday.
Trump insists that the definitions of Mexico and Canada are necessary to carry the two countries to do more to prevent immigrants and drugs that cross the United States.
American companies have again pushed against plans, and warning that they will increase the prices of Americans and increase supply chains.
Shenbum said that her invitation with Trump lasted for about 45 minutes and that she made clear the fears of Mexico about smuggling advanced weapons from the United States used by criminal groups in the country. She added that the American president agreed to help stop arms trafficking.
The Mexican leader said that Trump raised the trade deficit between the two countries.
“I told him that in reality it was not a deficit, that we had a commercial deal, that we were commercial partners and that this was the result of being commercial partners; in both cases it was the best way to maintain competition against China and other regions of the world.”
