US President Donald Trump announced on Monday a one-month suspension of new tariffs on Mexico, following an agreement for Mexico to deploy 10,000 National Guard members to strengthen its northern border. The move is aimed at curbing illegal drug trafficking, especially fentanyl, into the US. The agreement also includes the US commitment to combat the flow of high-powered weapons into Mexico. Mexican President Claudia Sheinbaum confirmed the deal on social media, stating that further negotiations will take place during the one-month pause. "I look forward to participating in those negotiations, with President Sheinbaum, as we attempt to achieve a 'deal' between our two Countries," Trump, wrote on Truth Social. Sheinbaum echoed these sentiments, saying "We have this month to work and convince each other that this is the best way forward," The US president also spoke with Canadian Prime Minister Justin Trudeau, but tariffs on Canada and China are set to go ahead as planned. Canada has indicated that it will retaliate with its own tariffs, with limited expectations for a similar reprieve. At a separate meeting in Brussels, European Union leaders discussed potential responses to US tariffs. French President Emmanuel Macron and German Chancellor Olaf Scholz emphasised the importance of dialogue but warned that the EU may resort to countermeasures if necessary. Meanwhile, Trump raised the possibility of exempting the UK from the tariffs, a move that could have implications for the broader trade relationship with Europe. Economic experts warn that these tariff policies could significantly disrupt global growth and lead to higher prices for US consumers. As the international trade landscape continues to shift, analysts predict that the ongoing negotiations will be critical in determining future US trade dynamics, particularly with its closest neighbours and trading partners. Attribution: Reuters
