'The US and Mexico have reached an agreement to stave off import tariffs on Mexican goods, officials confirmed on Friday evening.
President Trump had threatened to impose 5% import tariffs on all Mexican goods if the country did not agree to new measures to stem migration across the US-Mexico border. The tariffs were set to go in effect on Monday, but the president tweeted late on Friday that both governments had reached a deal and the tariffs had been “indefinitely suspended”.
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....
— Donald J. Trump (@realDonaldTrump) June 8, 2019
“Thanks to the support of all Mexicans, the imposition of tariffs on Mexican products exported to the USA has been avoided,” the Mexican president, Andrés Manuel López Obrador, tweeted.
According to a US-Mexico joint declaration released later in the evening, Mexico agreed to take more migrants seeking asylum in the United States while they await adjudication of their cases.
The country also agreed to increase enforcement to contain the flow of migrants headed to the US, including by deploying national guard troops to its southern border and cracking down on human smuggling organizations, the declaration said.
Friday’s agreement did not include the Trump administration’s proposal to return asylum seekers from Guatemala to Mexico, and Honduran and Salvadoran asylum seekers to Guatemala, Mexico’s foreign minister, Marcelo Ebrard, said.
“I think it’s a fair balance,” he said, adding the the national guard deployment would start on Monday.
Mexico and US officials had been negotiating for three days in Washington DC, and businesses were bracing for the Monday deadline. A tax on all Mexican goods, which would increase every month up to 25% under Trump’s plan, would have had enormous economic implications for both countries. Americans bought $378bn worth of Mexican imports last year, led by cars and auto parts.'
Read more: Trump calls off tariffs as US and Mexico reach deal on immigration