by Axios | 6.7.19
President Trump announced on Twitter Friday evening that tariffs against Mexican goods were "indefinitely suspended" following Mexico's agreement to take stronger measures to curb immigration across the southern border of the U.S.
Why it matters: This averts a new round of tariffs.
State of play: Mexico is expected to take necessary measures — including increased security — to “greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States.” Trump said further agreement details will be released by the State Department "shortly."
The big picture: Mexico — the United States' top trading partner — traded an estimated $671 billion worth of goods in 2018 according to the Office of the United States Trade Representative.
Written by Axios
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