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U.S., Mexico Reach Deal to Avoid Tariffs

Trade,Mexico,Tariffs

From the Center

President Trump dropped his threat of tariffs on billions of dollars of Mexican imports after negotiators reached a deal on measures to stem the flow of migrants pouring into the U.S. from Mexico, averting a potentially devastating trade fight for both countries.
Mr. Trump said the tariffs, which had been set to go into effect Monday, were “indefinitely suspended,” while Mexican President Andrés Manuel López Obrador said that, thanks to the support of all Mexicans, “the imposition of tariffs on Mexican products exported to the U.S. have been avoided.” Mr. López Obrador said a rally in Tijuana scheduled for Saturday would be held as planned to celebrate the deal.

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