Trump calls off tariffs on Mexico, says it will buy "large quantities" of U.S. produce
U.S. President Donald Trump has called off the implementation of tariffs on all Mexico imports just three days before they were due to be imposed.
The two countries struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrants.
Trump had threatened to impose 5% import tariffs on all Mexican goods starting on Monday (June 10th) if Mexico did not commit to do more to tighten its borders. An additional 5% duty would have been implemented every month from July 1 until reaching 25%.
In a joint declaration after three days of talks in Washington, both countries said Mexico agreed to immediately expand along the entire border a program that sends migrants seeking asylum in the United States to Mexico while they await adjudication of their cases.