Mexico has achieved a pause on the 25 percent tariffs imposed by the President of the United States, Donald Trump. According to the president, this decision was made to curb the flow of fentanyl and illegal migrants into Mexico. Negotiations to resolve this issue are expected to take place under the supervision of high-level representatives from both countries.
The President of Mexico, Claudia Sheinbaum, confirmed this agreement and shared that the northern border will be reinforced with 10,000 National Guard elements to combat drug trafficking, particularly fentanyl. Additionally, the United States has committed to collaborating to prevent the circulation of high-powered weapons into Mexico. The focus of joint actions will be both on security issues and in the trade sector.
The exchange rate showed variations after this news, with a slight recovery following Sheinbaum's announcement. The Mexican currency reduced losses against the dollar, but uncertainty persists in the markets regarding the tariffs and the economic decisions that may arise from this situation.
For his part, Trump mentioned on his social media that the conversation with Sheinbaum was friendly and highlighted the cooperation to address this challenge. It is expected that during the month-long pause in the tariffs, both nations will work on specific measures to avoid their permanent imposition.
In summary, the agreement between Mexico and the United States seeks to strengthen security at the border and combat drug and illegal arms trafficking. Both governments have agreed to a pause in the tariffs to advance negotiations addressing this delicate issue. Cooperation and dialogue seem to be the key tools to resolve this situation peacefully and effectively.
