Tariffs on Goods from Mexico

SOURCE www.cnbc.com
President Trump pauses 25% tariffs on goods from Mexico after Mexican president agrees to send 10,000 soldiers to U.S. border to prevent drug trafficking. Talks will be led by U.S. officials and high-level representatives from Mexico.

Key Points

  • Pausing tariffs on Mexican goods
  • Deployment of 10,000 Mexican troops to the U.S. border
  • Potential negotiations between the U.S. and Mexico

Pros

  • Pausing tariffs can potentially lead to negotiations and a 'deal' between the two countries.
  • 10,000 Mexican National Guard troops will be deployed to the U.S. border to combat drug trafficking and migrants entry into the U.S.
  • Stocks regained losses after the announcement of the tariff pause.

Cons

  • The issue of migrants and deportations from the U.S. was not clearly addressed in the conversation between Trump and Sheinbaum.