The danger of tariff war averted! Trump stops action on Mexico, even turning Trudeau


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US President Donald Trump has announced to stop the tariff on Mexico for a month. Along with this, he also talked to Canadian PM Justin Tado on the phone, although that talks did not succeed. By the way, do …Read more

Tariff War averted! Trump stops action on Mexico, even turning Trudeau

Donald Trump spoke on the phone to Mexico President Claudia Sheenbam and Canadian PM Justin Trudeau.

Highlights

  • Trump stopped tariffs on Mexico for a month.
  • Mexico agreed to deploy 10,000 soldiers on the border.
  • Trump and Trudeau also talked on the phone, although that talks did not succeed.

Washington. US President Donald Trump has announced to stop the tariff on Mexico for a month. The decision was taken after a last -time conversation with Mexico on Monday. However, no concrete agreement has been reached with Canada. There was a possibility of global trade war on this issue. However, now it is believed that the impact on global trade can be postponed by Trump’s latest steps.

Trump and Mexico President Claudia Sheenbam announced a ban on tariffs after a conversation on Monday. Under this, Mexico has agreed to deploy 10,000 soldiers on the US-Mexico border. Trump said on his social media platform ‘Truth Social’ that after ‘very friendly conversation’, he agreed to stop the tariff immediately for a period of one month ‘.

Sheenbam talked to Trump to stop arms smuggling
Trump said that during this one month there will be further talks between the two countries, so that a ‘deal’ can be achieved. Earlier, Mexico President Sheenbam also announced a ban on tariff, saying that he had a ‘good conversation’ with Trump and honored the relationship and sovereignty between the two countries.

Sheenbam also said that Trump has agreed to increase measures to prevent American weapons smuggling in Mexico. However, this was not mentioned in Trump’s statement.

The development has come to light when Trump ordered 25% tariff on goods imported from Mexico and Canada and an additional 10% tariff on imports from China. These tariffs were going to be effective from midnight on Tuesday.

Trump also talked to Trudeau
Trump also said that he interacted with Canadian Prime Minister Justin Trudeau on Monday, but the talks were not successful. However, Trump has fixed the time of 3 pm (2000 GMT) on Monday for a re -interaction.

Trump once again claimed that the US was being treated unfairly in business. He said that these tariffs are to prevent smuggling of opioids (drugs) caused by the borders of Mexico and Canada, which they are calling ‘drug war’.

This entire case has shaken the global markets. Experts say that if this dispute is not resolved soon, it can create a situation of global trade war.

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Tariff War averted! Trump stops action on Mexico, even turning Trudeau