Trump announced agreement on immigration with Mexico to avoid tariffs

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U.S. President Donald Trump announced that he has indefinitely suspended the threat of tariffs against Mexico after reaching “a signed agreement” on immigration.

“I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” Trump said on Twitter. “The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended,” he said.

Mexico has agreed to take “unprecedented steps” to help stem the flow of migrants to America in order to avoid trade tariffs threatened by  Trump.

“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,” Trump said.

Trump had threatened to implement import duties of 5%, rising to 25% by October, unless Mexico acted to curb migration.

Exact details of the agreement are still emerging.

Via CNBC

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