Trade Cases
US shelves Mexico tariffs until next month
Written by Laura Miller
February 3, 2025
Mexican President Claudia Sheinbaum and US President Donald Trump reached an agreement to stave off blanket tariffs on Mexican goods for at least another month.
Trump had said via executive order on Saturday that 25% tariffs on Canada and Mexico and 10% on China would be implemented starting on Tuesday, Feb. 4. He justified the orders by accusing the countries of failing to stop drug trafficking, citing fentanyl in particular.
“We categorically reject the slander that the White House is making against the Mexican government of having alliances with criminal organizations,” Sheinbaum responded. “If such an alliance exists anywhere, it is in the armories of the United States that sell high-powered weapons to these criminal groups.”
She proposed a working group for the two sides to discuss the issues. “It is not by imposing tariffs that problems are resolved, but by talking and dialoguing,” she added.
Monday’s agreement
The two leaders conversed Monday morning and took to social media shortly thereafter to tout their deal.
Sheinbaum said Mexico agreed to send 10,000 members of its National Guard to the US-Mexico border to prevent drug trafficking. At the same time, the US committed to do its part to stop high-powered weapons trafficking.
“We had a good conversation with President Trump with great respect for our relationship and sovereignty,” Sheinbaum stated on X, formerly Twitter. “Our teams will begin working today on two fronts: security and trade.”
“It was a very friendly conversation,” Trump also said on social media, “We further agreed to immediately pause the anticipated tariffs for a one month period during which we will have negotiations headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico.”
He added that he looks forward to participating in the negotiations with Sheinbaum “as we attempt to achieve a “deal” between our two Countries.”
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Trump to announce 25% tariffs on all steel, aluminum imports on Monday
President Donald Trump said he would announce 25% tariffs on all steel and aluminum imported to the US, according to Bloomberg. Trump said he would make an announcement about the matter on Monday. It was not clear when the tariffs might take effect.
Price: What another round on the tariff carousel means for US trade policy
The day-to-day bustle of these announcements should not obscure what they signal for other potential tariff measures in the near term and a revamped trade and economic policy in the long term.
Commerce sets initial CVDs of 0-140% in coated steel trade case
The Commerce Department on Tuesday issued preliminary subsidy rates in the corrosion-resistant steel (CORE) trade case. The agency set minimal countervailing duty (CVD) rates for Brazil and Mexico, mostly high rates for Vietnam, and low rates for Canada, except for one privately held distributor. Commerce assigned that company, Nova Steel, and a handful of Vietnamese […]
Tampa Steel Conference: Trade attorney says brace for turbulence
Steel and aluminum have been identified as high priorities for trade
Trudeau, Trump agree to push tariffs until March
Canada fights back, a little As this article was about to be posted, Canada had not backed down to US President Trump’s 25% tariffs coming for Canadian goods at the stroke of midnight. In fact, the Government of Canada had pushed back, saying it would implement 25% tariffs on $155 billion worth of US products […]