The White House insists its tariffs are about stopping the smuggling of fentanyl, but the taxes proposed by Trump have caused a gaping wound in the decades-old North American trade partnership. In addition to his claims about fentanyl, Trump has insisted that the tariffs could be resolved by fixing the trade deficit.
Half of imports from Mexico that are not USCMA-compliant would also be taxed under the orders being signed by Trump, the official said.
Mexico President Claudia Sheinbaum has planned to announce any retaliatory measures on Sunday, but Trump credited her with making progress on illegal immigration and drug smuggling as a reason for again pausing tariffs that were initially supposed to go into full effect in February.
The government said it had suspended its second wave of retaliatory tariffs on additional U. Major U. Significant declines already seen this week resumed within an hour.
Mexico has cracked down on cartels, sent troops to the U. At a press conference, Sheinbaum elaborated on her call with Trump Thursday, saying she told the president that Mexico was making great strides in fulfilling his security demands. But the U. She said the two countries will continue to work together on migration and security, and to cut back on fentanyl trafficking to the U. Customs and Border Protection.
