Trump suspends the tariffs to Mexico and Canada for a month after speaking with their leaders | International | EUROtoday

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The countdown for the products to cease circulating freely by means of the borders of the United States with Mexico and Canada has stopped. The two nations have reached a final second settlement to cease the imposition of 25% tariffs for one month. “We held a good conversation with the president [Donald] Trump, with much respect for our nation and sovereignty, ”mentioned Mexican president, Claudia Sheinbaum. The US president confirmed the settlement with Mexico after which spoke with the Prime Minister of Canada, Justin Trudeau. Negotiations will open to attempt to attain an settlement to keep away from tariffs inside one month. Trump plans to talk with Chinese President Xi Jinping, within the subsequent 24 hours.

The Mexican president introduced that her authorities will show 10,000 National Guard brokers instantly to curb drug trafficking, significantly Fentanyl, whereas Washington undertakes to fight unlawful trafficking in firearms. “Our teams will start working today in two aspects: security and commerce,” added the president. Trudeau, in the meantime, reached an settlement to allocate $ 1.3 billion to strengthen the border.

The agreements arrive surprisingly, on the gates of one of many worst crises that has confronted the bilateral relationship of the United States with each nations in many years and whereas all refined the final particulars to embark on a industrial warfare.

The Pact with Mexico was conssted after a name held at 8 within the morning of this Monday, with a period of greater than half an hour, in keeping with the main points shared by the Mexican authorities. “It has been a work of the entire team,” the president celebrated, asserting a sequence of pacts to collaborate on the border. “Finally, we reached an agreement,” he mentioned.

Trump confirmed the settlement to droop tariffs to Mexico for a month: “I just talked to President Claudia Sheinbaum of Mexico. It was a very friendly conversation in which it agreed to immediately supply 10,000 Mexican soldiers on the border that separates Mexico from the United States. These soldiers will be specifically designated to stop the flow of fentanyl, and illegal migrants in our country. We also agreed to immediately suspend tariffs anticipated for a period of one month, during which we will hold negotiations headed by the Secretary of State, Marco Rubio, the secretary of the Treasury, Scott Besent, and the secretary of Commerce, Howard Lutnick, as well as by high -level representatives of Mexico. I hope to participate in these negotiations, together with President Sheinbaum, in our attempt to achieve an ‘agreement’ between our two countries, ”he wrote in Truth, his social community.

Trump introduced Monday that he had spoken with Canada’s prime minister, Justin Trudeau, however that he would do it once more at 3 pm in Washington (9:00 p.m. in peninsular Spain). The first dialog was not too productive, in keeping with the message printed by the Republican president in Truth, his social community, however the second ended with settlement.

“I just had a good call with President Trump,” Trudeau tweeted. “Canada is implementing our border plan of 1.3 billion dollars, reinforcing the border with new helicopters, technology and personnel, improving coordination with our US partners and increasing resources to stop the flow of fentanyl. Almost 10,000 first -line staff are and will be working to protect the border. In addition, Canada assumes new commitments to appoint a fentanyl tsar Combat organized crime, fentanyl and money laundering. I have also signed a new intelligence directive on organized crime and fentanyl, and we will support it with 200 million dollars. The proposed rates will be suspended for at least 30 days while we work together, ”he defined.

Donald Trump this Sunday upon arrival at the White House.
Donald Trump this Sunday upon arrival on the White House.Nathan Howard (REUTERS)

Trump already introduced this Sunday that he would discuss to Trudeau and Sheinbaum, however he did not appear to have nice expectations. “I don’t expect anything very dramatic. We have put tariffs. They owe us a lot of money and I am sure they will pay, ”he advised reporters after getting out of the Air Force One, the presidential aircraft, on his return to Washington after spending the weekend in Mar-A-Lago, his mansion in Palm Beach (Florida). This Monday has mentioned within the Oval Office that expects to speak to China – to the one which imposed extra tariffs of 10% – within the subsequent 24 hours, with out giving extra particulars

When requested what Canada and Mexico must do to boost tariff Economic warfare. “They have to balance their trade, number one. They have to prevent people from entering our country, and we have prevented it. They have not prevented it. We have done it. They have to stop the entry of people, and we have to stop the fentanyl. And that includes China, ”he replied.

From January to November 2024, the United States imported property from Mexico value 466.6 billion {dollars}, purchased merchandise for 337.2 billion and imported merchandise for 401.4 billion from China. The largest industrial deficit in that interval was with China, for the quantity of 270.4 billion, adopted by Mexico (157.2 billion) and Canada (55,000 million). Trump has exaggerated these numbers time and again and has falsely offered them as subsidies.

In his Sunday statements he lashed out particularly at Canada and warned of potential reprisals: “It has been a unique sense. We subsidize Canada with about 200,000 million dollars a year. And for what? What do we get? We don’t get anything … something is going to happen there. If you want to play, I don’t care, we can play everything they want, ”he mentioned. Trump reiterated related assaults this Monday on the Oval Office.

A poster invites you to buy Canadian items in a British Columbia liquor shop, as a response to tariffs imposed on Canada by Donald Trump, on February 2.
A poster invitations you to purchase Canadian objects in a British Columbia liquor store, as a response to tariffs imposed on Canada by Donald Trump, on February 2.Chris Helgren (REUTERS)

Tariffs to the European Union

Trump additionally insisted that there will probably be tariffs for the euro zone: “Definitely, it will happen with the European Union, I assure you, because they have really taken advantage of as I said. You know, we have more than 300,000 million dollars of deficit. I would not say that there is a calendar, but it will be very soon, ”he mentioned, reiterating a message that already launched Friday from the Oval Office of the White House.

The president of the United States has promised to open new fronts within the industrial warfare with sector levies on merchandise akin to pharmacists, oil, semiconductor chips, metal, aluminum or copper. The Republican proposed campaigning to impose reciprocal tariffs on US imports equal to the kinds that industrial companions impose on US exports (normally seniors). That could be added (or overlap) a common fundamental tariff from 10% to twenty% above all imports. For China, Trump promised a 60% tariff above all imports.

Tariffs lastly postponed to US imports from Mexico, Canada and China triggered an earthquake in monetary markets. Since the opening of the negotiation tables in Asia, the greenback shot in opposition to the primary currencies and approached parity with the euro. The inexperienced ticket marked historic most or in recent times in opposition to the Canadian greenback, the Chinese yuan and the Mexican peso. The baggage suffered sturdy falls, with the punishment concentrated in exporting firms and publicity to the United States by means of Mexico or Canada. Meanwhile, oil grew to become costlier for potential market distortions. The uncertainty and the best danger aversion additionally triggered sturdy falls of cryptocurrencies. With the announcement of the suspension of tariffs to Mexico, an excellent a part of the earlier actions had been reversed.

Trump additionally spoke on Sunday in regards to the potential self -inflicted harm with tariffs for the US economic system. “We may in the short term we have a little pain, and people understand it. But in the long term, the United States has been scammed by practically all countries in the world. We have a deficit with almost all countries, not with everyone, but almost, and we will change it. It has been unfair, ”he mentioned. Finally, that ache is postponed, past the consequences that the uncertainty generated could have.

https://elpais.com/internacional/2025-02-03/sheinbaum-asegura-que-trump-suspende-un-mes-los-aranceles-a-mexico-tras-hablar-con-el.html