US, Mexico hammer out last-minute deal to curb migration, avoid tariffs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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US, Mexico hammer out last-minute deal to curb migration, avoid tariffs via SABCNewsOnline

relenting on threats to slap potentially devastating tariffs on the neighbouring country.

“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,” Trump wrote on Twitter shortly after returning from a trip to Europe. The tariffs would have clobbered Mexico’s economy, which is integrated with the United States and Canada under the North American Free Trade Agreement, with experts warning of a recession and Fitch rating service already downgrading Mexico’s credit rating.

“The Governments of the United States and Mexico will work together to immediately implement a durable solution,” it said.

 

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