Trump tariffs on Mexico to be paused one month, Sheinbaum says, as she announces troop border deployment – CNBC

Credit CardsLoansBankingMortgagesInsuranceCredit MonitoringPersonal FinanceSmall BusinessTaxesHelp for Low Credit ScoresInvestingSELECTAll Credit CardsFind the Credit Card for YouBest Credit CardsBest Rewards Credit CardsBest Travel Credit CardsBest 0% APR Credit CardsBest Balance Transfer Credit CardsBest Cash Back Credit CardsBest Credit Card Welcome BonusesBest Credit Cards to Build CreditSELECTAll LoansFind the Best Personal Loan for YouBest Personal LoansBest Debt Consolidation LoansBest Loans to Refinance Credit Card DebtBest Loans with Fast FundingBest Small Personal LoansBest Large Personal LoansBest Personal Loans to Apply OnlineBest Student Loan RefinanceSELECTAll BankingFind the Savings Account for YouBest High Yield Savings AccountsBest Big Bank Savings AccountsBest Big Bank Checking AccountsBest No Fee Checking AccountsNo Overdraft Fee Checking AccountsBest Checking Account BonusesBest Money Market AccountsBest CDsBest Credit UnionsSELECTAll MortgagesBest MortgagesBest Mortgages for Small Down PaymentBest Mortgages for No Down PaymentBest Mortgages with No Origination FeeBest Mortgages for Average Credit ScoreAdjustable Rate MortgagesAffording a MortgageSELECTAll InsuranceBest Life InsuranceBest Homeowners InsuranceBest Renters InsuranceBest Car InsuranceTravel InsuranceSELECTAll Credit MonitoringBest Credit Monitoring ServicesBest Identity Theft ProtectionHow to Boost Your Credit ScoreCredit Repair ServicesSELECTAll Personal FinanceBest Budgeting AppsBest Expense Tracker AppsBest Money Transfer AppsBest Resale Apps and SitesBuy Now Pay Later (BNPL) AppsBest Debt ReliefSELECTAll Small BusinessBest Small Business Savings AccountsBest Small Business Checking AccountsBest Credit Cards for Small BusinessBest Small Business LoansBest Tax Software for Small BusinessSELECTAll TaxesFiling For FreeBest Tax SoftwareBest Tax Software for Small BusinessesTax RefundsTax BracketsTax TipsTax By StateTax Payment PlansSELECTAll Help for Low Credit ScoresBest Credit Cards for Bad CreditBest Personal Loans for Bad CreditBest Debt Consolidation Loans for Bad CreditPersonal Loans if You Don’t Have CreditBest Credit Cards for Building CreditPersonal Loans for 580 Credit Score or LowerPersonal Loans for 670 Credit Score or LowerBest Mortgages for Bad CreditBest Hardship LoansHow to Boost Your Credit ScoreSELECTAll InvestingBest IRA AccountsBest Roth IRA AccountsBest Investing AppsBest Free Stock Trading PlatformsBest Robo-AdvisorsIndex FundsMutual FundsETFsBondsPresident Donald Trump on Monday said he is pausing for one month his new 25% tariffs on goods imported from Mexico after that country’s president agreed to immediately send 10,000 soldiers to the U.S. border to prevent drug trafficking from Mexico.Trump in a social media post said that during the pause “we will have negotiations” on the tariffs “headed by Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick, and high-level Representatives of Mexico.”He also said “I look forward to participating in those negotiations” with Mexico President Claudia Sheinbaum “as we attempt to achieve a ‘deal’ between our two Countries.”The announcement came two days after Trump slapped 25% tariffs on goods from Mexico and Canada, and 10% tariffs on goods imported from China.Sheinbaum over the weekend threatened retaliatory tariffs on goods imported from the United States, and nontariff measures, but had not disclosed the rate for the tariffs.Canadian Prime Minister Justin Trudeau said Saturday night that his country would implement a 25% tariff against $155 billion in U.S. goods in retaliation for Trump’s tariffs, which had been announced hours earlier.China has said it will challenge the tariffs at the World Trade Organization.U.S. stocks, which had opened trading lower Monday, regained most of those losses on news of the pause of the tariffs on goods from Mexico.Trump and Sheinbaum spoke Monday morning ahead of the announcement of the pause.Both he and Sheinbaum said that the Mexican National Guard troops that she is sending to the border with the U.S. will have the mission of halting drug trafficking from Mexico, particularly that of the deadly opioid fentanyl.Trump also wrote that the Mexican troops will aim to stop the flow “of migrants into our Country.”Sheinbaum first disclosed the pause on the tariffs on Mexico in a post on the X social media site.”We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements,” Sheinbaum wrote in the tweet, according to a translation from Spanish.She also wrote, “The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico.”Trump had not mentioned a commitment to stem the flow of weapons in his Truth Social post about his conversation with Sheinbaum.At a news conference Monday morning, Sheinbaum was asked whether the issue of migrants and deportations from the U.S. was addressed during her call with Trump.”We will always support and defend them. Always,” Sheinbaum answered.She also said Mexican officials in discussions with the U.S. State Department are “working hard to defend our Mexican brothers and sisters.”Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2025 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes.
Global Business and Financial News, Stock Quotes, and Market Data
and Analysis.
Data also provided by

Source: https://www.cnbc.com/2025/02/03/trump-tariffs-mexico-canada-china-sheinbaum-responds.html