The Mexican president held a conversation with President Donald Trump on Monday morning, “with great respect for our relationship and sovereignty; we reached a series of agreements,” she said.
Mexican President Claudia Sheinbaum announced on Monday that the 25% tariffs that the United States had announced for imported national products last weekend will be extended for a month, following a conversation with President Donald Trump, “with great respect for our relationship and sovereignty; we reached a series of agreements,” she said.
Following a phone call between the president and the US president, she tweeted that teams from both administrations will begin working today, Monday, February 3, on two fronts: security and trade.
Among the agreements are:
1. Mexico will immediately reinforce its northern border with 10,000 National Guard troops to prevent drug trafficking from Mexico to the United States, particularly fentanyl.
2. The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico.
3. Our teams will start working today on two fronts: security and trade.
4. Tariffs are paused for one month from now.
Donald Trump on Saturday ordered widespread tariffs on products from Mexico, Canada and China, demanding that they stem the flow of fentanyl and illegal immigrants into the United States.
Mexico and Canada, America’s two largest trading partners, immediately promised retaliatory tariffs, with President Sheinbaum ordering retaliatory tariffs, as did Canadian Prime Minister Justin Trudeau, who warned Americans that the tariffs would have real consequences for them.
China, meanwhile, said it would challenge Trump's tariffs at the World Trade Organization (WTO) and take other "countermeasures."
About 77% of Canadian exports, which account for 24% of the country's GDP, go to the United States, while the equivalent figures for Mexico are more than 80% of exports - or a quarter of its economy - according to estimates by Morgan Stanley.