US President Donald Trump has “indefinitely suspended” the recently proposed tariff hike on Mexican imports after the two parties reached a signed agreement late last week.
On 30 May Trump outlined a plan to ramp-up tariffs on Mexican goods if illegal immigration was not checked. A 5% tariff was proposed on all Mexican imports from 10 June and duties of up to 25% were set to be added in the coming months if Mexico did not take action to “reduce or eliminate the number of illegal aliens” crossing into America.
The news met with resistance from US textile, apparel trade bodies who voiced their concerns in a letter to Trump that warned the move would hurt US workers and consumers.
The President took to Twitter to announce the suspension of the tariffs in a series of tweets, noting “the United States of America has reached a signed agreement with Mexico.”
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….
See Also:
— Donald J. Trump (@realDonaldTrump) June 8, 2019
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free sampleThank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
….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!
— Donald J. Trump (@realDonaldTrump) June 8, 2019
An official statement from the US Department of State followed, which said the US and Mexico met last week to address the “shared challenges of irregular migration.
“Given the dramatic increase in migrants moving from Central America through Mexico to the United States, both countries recognise the vital importance of rapidly resolving the humanitarian emergency and security situation. The governments of the United States and Mexico will work together to immediately implement a durable solution.”
The resulting commitments include Mexico taking “unprecedented steps” to increase enforcement to curb irregular migration, and the expansion of the US’s implementation of Migrant Protection Protocols across its entire Southern Border – meaning those crossing to seek asylum will be rapidly returned to Mexico where they may await the adjudication of their asylum claims.
In response, Mexico will authorise the entrance of all of those individuals for humanitarian reasons, in compliance with its international obligations, while they await the adjudication of their asylum claims. Mexico will also offer jobs, healthcare and education according to its principles.
Meanwhile, both parties also agreed that if these measures do not have the expected results, they will take further actions.
In a tweet today (10 June), Trump said the US has inked another “very important part” of the Immigration and Security deal with Mexico – but warned if approval is not forthcoming, tariffs will be reinstated.
We have fully signed and documented another very important part of the Immigration and Security deal with Mexico, one that the U.S. has been asking about getting for many years. It will be revealed in the not too distant future and will need a vote by Mexico’s Legislative body!..
— Donald J. Trump (@realDonaldTrump) June 10, 2019
….We do not anticipate a problem with the vote but, if for any reason the approval is not forthcoming, Tariffs will be reinstated!
— Donald J. Trump (@realDonaldTrump) June 10, 2019