It is confirmed. Donald Trump announced, this Monday, February 3, on his Truth Social network on Monday, February 3, the “immediate” “break” of a month on the 25 % of 25 % against Mexico, which had to come into force Tuesday. The American president reported a “very cordial conversation with President Claudia Sheinbaum”, and specified that during this one month break would take negotiations in order to find a “agreement” with Mexico.
“Work on security and trade”
Earlier in the day, the nationalist leftist president had communicated the news. “Mexico will immediately strengthen the northern border with 10,000 members of the National Guard, in order to prevent drug trafficking from Mexico to the United States, especially fentanyl. The United States undertakes to work to prevent The traffic of great power weapons towards Mexico. listed on his X account.
The American president said on Saturday, February 1, impose 25 % customs duties on all products from Mexico, as well as Canada, with the exception of hydrocarbons from the North neighbor on Saturday, now taxed at 10 %. Asked the next day by the press about customs duties imposed on the two countries, Donald Trump had assured that he was going to “discuss with Prime Minister Trudeau tomorrow morning”. “I will also speak with Mexico tomorrow morning, I do not expect anything serious” on their part, he said.
Irreversible consequences
Despite the strong reactions which had been aroused by this announcement, the American president had always affirmed that the impact of customs duties would be borne by foreign exporters, without being passed on to American consumers, contradicting the opinion of almost all Experts. In the morning, he had however recognized for the first time clearly, in a series of virulent messages on his social network Truth Social, that American consumers and companies could “suffer”. “It will be the new golden age for the United States! Will it make you suffer? Yes, perhaps. And maybe not. But we are going to make its greatness in America and it will be worth it price that will be necessary to pay, “he wrote in capital letters.
According to economists, these measures could have caused price increases. Mexico and Canada being one of the main trade partners of the United States and representing in total more than 40 % of imports in the country, customs duties could also have slowed the activity of all the countries concerned by disturbing the production channels . In total, this would have affected up to $ 1,400 billion in the country, more than four times the value of products imported taxed during its first mandate.