Today, investors had direct access to the news about the pause in tariffs following a phone conversation convened by Secretary Rogelio Ramírez de la O to discuss the details of the dialogue between Trump and Sheinbaum. It is noteworthy that, in Mexico, this day is a holiday, which created some calm in the financial markets.
In this call, the president informed about the fourth agreement, in which it was agreed to pause the tariffs for one month starting from that moment. Sheinbaum responded to Trump regarding his comment about the alleged alliance with drug trafficking coming from the United States.
Trump, for his part, shared the "friendly" agreement on his social media and added that during this pause period, negotiations will continue led by high-ranking officials such as Marco Rubio, Scott Bessent, and Howard Lutnick, as well as representatives from Mexico.
In relation to the topic, the new head of the Pentagon suggested deploying U.S. military operations in Mexico to combat drug trafficking. The Secretary of Economy, Marcelo Ebrard, described the agreement as "unusual" and mentioned future meetings with Trump's economic team after confirmation by the United States Senate.
The agreement was reached just a day before the deadline for the imposition of a 25% tariff on Mexican products. At the start of the morning conference, Sheinbaum highlighted that it was a good conversation and mentioned the possibility of participating in future negotiations to reach a beneficial agreement for both countries.
During the conference, Sheinbaum detailed that she will meet with security representatives to plan actions at the border. Both teams agreed to work on security and trade issues. The first agreement consists of reinforcing the northern border with 10,000 National Guard members immediately to combat drug trafficking, particularly of fentanyl, from Mexico to the United States.
The United States committed to collaborating to stop the trafficking of high-caliber weapons into Mexico. Sheinbaum trusts that the agreed actions will be successful. Following the announcement, the Mexican peso strengthened, reaching an exchange rate of 20.43 units per dollar.
