At the end of May, President Trump announced that he would be putting tariffs on everything imported from Mexico to the U.S. Shortly after his announcement, strategist and economists started warning of the crippling effects that the new tariffs would have on the economy. However, all of that worry was in vain because nine days after the southern border tariffs were revealed, they were “indefinitely suspended.”
Mexico Tariffs
Before June began, Trump reannounced his decision to implement tariffs on Mexico imported goods. Although he has previously threatened tariffs on Mexico goods, it hasn’t happened yet, but that didn’t stop businesses and economists from calculating how far down the economy would drop. Others, however, recognized this a strategic negotiating tactic on Trump’s part, not an economic booster.
On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied,..
— Donald J. Trump (@realDonaldTrump) May 30, 2019
Indefinitely Suspended
On Friday, June 7, President Trump tweeted that he was discussing tariffs with Mexican officials, later that day he announced that he had managed to reach a signed agreement with Mexico. The tariffs are “indefinitely suspended” for now.
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
….stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States. Details of the agreement will be released shortly by the State Department. Thank you!
— Donald J. Trump (@realDonaldTrump) June 8, 2019
