Source: Axios
“The U.S. and Mexico have agreed to a month-long pause on the implementation of tariffs, President Trump and Mexico’s president Claudia Sheinbaum said in social media posts Monday. The deal temporarily averts a 25% levy with huge economic implications for both countries. It also marks the second time in this presidency Trump vowed a massive and disruptive tariff on a long-time ally, only to quickly freeze it after gaining what appeared to be limited concessions.” (02/03/25)