President Donald Trump announced on that his administration is abandoning its plan to impose tariffs on Mexico. The tariffs were supposed to take effect on Monday, June 10.
The move comes after both countries reached an agreement to address the increasing number of Central American migrants moving through Mexico to the United States.
In a tweet on Friday night, Trump wrote, “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.”
He added, “Mexico, in turn, has agreed to take strong measures to 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!”
Mexican Foreign Minister Marcelo Ebrard posted a tweet confirming that the U.S. will not implement the tariffs.