Relief for Retailers as Mexican Tariffs Indefinitely Suspended

Retailers can cross Mexican tariffs off their list of troubles — for now. President Donald Trump revealed late on Friday that the tariffs he planned to impose on close to $350 billion worth of Mexican imports would be shelved after the two sides reached a deal following days of negotiations. The duties were intended to pressure Mexico to curb illegal immigration in the U.S. “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,” he tweeted. But Trump — who likes to keep his friends and enemies guessing — left open the possibility of tariffs down the line if the deal doesn’t pan out. “There is now going to be great cooperation between Mexico & the USA, something that didn’t exist for decades. However, if for some unknown reason there is not, we can always go back to our previous, very profitable, position of Tariffs – But I don’t believe that will be necessary,” he wrote. The agreement reached Friday involves Mexico taking unprecedented steps to increase enforcement such as the deployment of its National Guard, according to a joint statement

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