US Postpones Tariffs on Mexico for One Month
Washington, February 4 (Hibya) - US President Donald Trump decided to postpone the imposition of tariffs on Mexico for one month. This decision was made after Claudia Sheinbaum’s administration agreed to send 10,000 soldiers to the border. Their goal is to halt the flow of fentanyl and illegal immigrants into the US.
Donald Trump confirmed the suspension of tariffs on Mexican goods. Mexican President Claudia Sheinbaum stated that despite the delay, the Mexican government’s "Plan B" remains in effect.
During a press conference earlier today, when asked how military actions would be evaluated, Sheinbaum said that both she and Trump would assess whether the promised steps had been successful. Key factors include whether halting the flow of weapons would reduce violence in Mexico and whether drug trafficking would decrease.
The US stock market opened lower today. Most major global market indices also declined: the FTSE fell by 1.3%, marking its largest daily drop since October. Germany’s DAX index fell by 1.9%, France’s CAC by 1.8%, and Spain’s IBEX by 1.5%. Earlier, the Nikkei index had dropped by 2.6%. The Dow Jones index dropped by 1.6% and the Nasdaq index fell by 1.9%.
The US dollar strengthened, oil prices rose, and the cryptocurrency Bitcoin dropped by nearly 5%.
British News Agency
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