TRADE DEAL REACHED WITH MEXICO: The United States and Mexico Reach a Deal

TRADE DEAL REACHED WITH MEXICO: The United States and Mexico Reach a Deal. President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the U.S.
Trump:
I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended. Mexico, in turn, has agreed to take strong measures to….stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States. Details of the agreement will be released shortly by the State Department. Thank you!

Mexico said the deal was reached after several days of talks, including 12 hours of discussions on Friday.The two countries said they’ll work to “to build a more prosperous and secure Central America to address the underlying causes of migration, so that citizens of the region can build better lives for themselves and their families at home.” The statement didn’t elaborate on how that would be accomplished.

The tariff threat has rattled markets and prompted economists to forecast an increased risk of recession in the U.S., the world’s largest economy, because trade between the U.S. and Mexico is so integrated.

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