Washington – Mexican President Claudia Shinbam said on Monday that the employed tariffs are held for a month after a conversation with US President Donald Trump, a statement confirmed by the White House.
“The Mexico National Guard will immediately strengthen the northern border with 10,000 members, to prevent drug trafficking from Mexico to the United States, especially in Fantanelle,” Shinbam posted on X. “The United States works to prevent the smuggling of the United States high.
The Mexican President said that the two countries would continue negotiating on security and trade and “Tariff is stopped for a month from now.”
Added to the play as Trump’s tariff against Canada and China, it is still slate to be effective on Tuesday. The durability of any deal remains uncertainty and whether tariffs are a precursor to a broader trade war as Trump has promised more import taxes.
Trump posted on social media that he spoke with Canadian Prime Minister Justin Trudeau on Monday morning and “would talk to both Canada and Mexico at 3:00 pm” to hold for a moment “.
Trump used his Monday’s social media posts to reiterate his complaints that Canada despite the friendship and partnership of the 9/11 terrorist attacks in the United States to react to the 9/11 terrorist attacks in the United States.
Trump posted, “Canada also does not allow American banks to trade or trade there.” “What is all this? Many such things, but it is also a drug war, and hundreds of thousands of people have died from drugs through the boundaries of Mexico and Canada. ,
Financial markets, businesses and consumers are trying to prepare for the possibility of new tariffs. Stock market indices opened with a minor sales, suggesting some expectation that import taxes that could increase inflation and disrupt global trade and development would be short -lived.
But Outlook showed a deep uncertainty about a Republican President, which has spoken with worshiping about tariffs, even said that the US government on income tax in 1913 as its primary revenue source in 1913 Made a mistake by switching. Trump said tariffs would rise on Sunday if Canada and Mexico did more to tighten the illegal immigration and fantaneel smuggling, although there are no clear benchmarks. Trump also said that the US can no longer run business imbalance with its two biggest trade partners.
Mexico is facing 25% tariffs, while Canada will be charged 25% on its imports in the United States and 10% on its energy products. The Trump White House said that China is facing 10% additional tariffs due to its role in making and selling fantanelle.
The White House National Economic Council director Kevin Haset said on Monday that it was misleading to mark the performance as a trading war despite a planned vengeance and growth risk.
“Read the Executive Order where President Trump was absolutely, 100% clear that it is not a business war,” Haset said. “This is a drug war.”
But even though the orders focus on illegal drugs, Trump’s own comments often have more about his alleged meanings that foreign countries are closing the United States by running trade surpluses. On Sunday, Trump said that tariffs would soon come to the European Union countries. He has discussed a diplomat on national security issues, a way of increasing revenue and re -organizing the existing trade treaty as both tariffs.
Outside the administration, many economists have warned that tariffs will increase prices and increase the rise, Trump himself said that after campaigning on this promise last year, there will be some short -term pain that he can subdue inflation.
Chief Economist of Consultancy RSM, who said Bruceuelus said that the United States is unlikely to fall into the recession this year, but the tariff will increase and will promote the cost of the government’s borrowing, which is potentially hostage and hostage rates Will maintain Auto loan elevated.
“If there is no resolution, the impact on the US economy will be important,” he said. “The growth will slow down by 2.9% average in the last three years as inflation and interest rates will increase. The yield on a 10 -year treasury, currently about 4.5%, 4.75%and 5%can climb to a limit. ,