Economics
Trump Says He'll Drop Mexico Tariff as Deal Reached on Migrants
- President had been threatening to impose 5% levy on Monday
- Deal marks dramatic turn after Trump’s criticism of Mexico
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President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the U.S.
“I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” Trump said in a tweet Friday night. “The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended.”