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Deal reached with Mexico to avoid 5% tariffs

Trump said tariffs indefinitely suspended after deal reached between the two nations over border control.

Jacqui Fatka

June 8, 2019

2 Min Read
Deal reached with Mexico to avoid 5% tariffs

President Donald Trump said in a tweet Friday evening that Mexico and the U.S. have reached an agreement to avoid the threatened 5% tariff implementation.

U.S. and Mexican government officials met several times during June 4-6 to discuss and possibly head off looming tariffs on Mexico imports that were threatened to go into effect June 10. President Trump announced plans May 30 to impose 5% tariffs on all Mexican imports as of June 10, with tariffs ratcheting up to 25% each month if Mexico did not stop the flow of Central Americans into the U.S.

"The tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended," Trump wrote on Twitter in a pair of tweets. "Mexico, in turn, has agreed to take strong measures to ... stem the tide of Migration through Mexico, and to our southern border."

While President Trump was away, a Mexican team lead by Foreign Minister Marcelo Ebrard negotiated all week with Vice President Mike Pence, Secretary of State Mike Pompeo and lower-ranking officials to try to accommodate Trump's concerns. Ebrard also announced on Twitter a deal had been reached and details would be coming Friday evening.

While it is unclear at this time what the deal is, Mexico announced Friday it planned to send 6,000 troops from its newly formed National Guard to the country's southern border with Guatemala, a move aimed at cutting off the flow of migrants bound for the U.S. border.

Also, Mexico pledged to step up its fight against smugglers by cracking down on their routes.

In a tweet Friday afternoon, President Trump said if an agreement can be forged with Mexico it would include increased farm and agricultural product purchases as part of any deal. However, in Trump’s announcement Friday night it did not offer any additional information regarding increased agricultural purchases.

 

 

About the Author(s)

Jacqui Fatka

Policy editor, Farm Futures

Jacqui Fatka grew up on a diversified livestock and grain farm in southwest Iowa and graduated from Iowa State University with a bachelor’s degree in journalism and mass communications, with a minor in agriculture education, in 2003. She’s been writing for agricultural audiences ever since. In college, she interned with Wallaces Farmer and cultivated her love of ag policy during an internship with the Iowa Pork Producers Association, working in Sen. Chuck Grassley’s Capitol Hill press office. In 2003, she started full time for Farm Progress companies’ state and regional publications as the e-content editor, and became Farm Futures’ policy editor in 2004. A few years later, she began covering grain and biofuels markets for the weekly newspaper Feedstuffs. As the current policy editor for Farm Progress, she covers the ongoing developments in ag policy, trade, regulations and court rulings. Fatka also serves as the interim executive secretary-treasurer for the North American Agricultural Journalists. She lives on a small acreage in central Ohio with her husband and three children.

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