Mexican President Claudia Sheinbaum has confirmed that she reached a deal with US President Donald Trump to extend the deadline for imposing tariffs on Mexican goods. According to Sheinbaum, she and Trump agreed to give themselves "a few more weeks" to discuss outstanding trade issues.
Sheinbaum stated during her weekly press conference on Monday that she spoke with Trump over the weekend and emphasized that both countries were working towards resolving 54 outstanding trade barriers. The US had previously paused an increase in tariffs from 25% to 30% for 90 days, which was set to end this week.
With a strong peso following Sheinbaum's comments, Mexico seems to be relieved about avoiding higher tariffs. A recent deal between the United States and Canada was recently ended by President Trump citing frustration with the negotiations.
Sheinbaum stated during her weekly press conference on Monday that she spoke with Trump over the weekend and emphasized that both countries were working towards resolving 54 outstanding trade barriers. The US had previously paused an increase in tariffs from 25% to 30% for 90 days, which was set to end this week.
With a strong peso following Sheinbaum's comments, Mexico seems to be relieved about avoiding higher tariffs. A recent deal between the United States and Canada was recently ended by President Trump citing frustration with the negotiations.
, hope they can hammer out those trade barriers before things get messy again 
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. Like, I get it, countries gotta negotiate and all that, but come on, a few more weeks? That's just putting it off for another round of drama 
. And what really gets me is how the USD surged after sheinbaum made those comments... it's like they're celebrating being stuck in limbo 
And what about Mexico's economy? It feels like they're stuck in a never-ending cycle of tariffs and uncertainty 
... I guess only time will tell if this extension really helps them out 
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, but what really got me thinking is that trump said something about not being happy with the canada deal... doesnt that kinda sound like hes just making things up as he goes along? 
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i swear, if i had to look at another chart or graph with a bunch of lines and bars, my brain might just melt 
... anywayz, glad that mexico got a reprieve 
. and canada's deal got scrapped too? sounds like trump is having a bit of an epic fail 
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, with Trump pulling out of their deal it's like they got kinda stuck in limbo. Hopefully both countries can get back on track soon and find a way forward that works for everyone. It's all about finding that middle ground, right? 
. What's the holdup gonna be then? More talks? It seems like both countries are already talking, what's stopping them from making a deal then? 
But seriously, I'm glad some sense has been made here. The last thing we need is higher tariffs making our everyday lives worse. I guess this means the US and Mexico are finally having a chill conversation about trade – no more yelling and threatening tariffs like in that movie "The Big Lebowski" 
. It's all good, folks! Now, if only they could work on those avocado prices... that'd be a whole different story 
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. And honestly, 54 outstanding trade barriers is just ridiculous – who thought that was a good idea? 
. I guess you could say he's trying to play it cool now, but we'll see how long this truce lasts 
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It's like, yay, Mexican economy! Now let's hope they can actually use those extra weeks to resolve some real issues and not just fiddle with tariffs all day 
. But now, they're giving themselves some extra time to iron out their differences and that's definitely positive news 
. And hey, a strong peso is always a good thing for Mexico, right? 
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. Guess we'll just have to wait and see how this whole thing plays out!
. Also, don't really get why US had to pause those tariffs in first place, seems kinda counterproductive 
. Mexico's economy just took a weight off its shoulders, now let's hope they can focus on more important stuff 
. Anyway, love how diplomatic she sounds, always great to see world leaders actually talking things through 
think it's awesome that mexico is being held hostage over trade issues like a couple of strongmen playing poker with countries' economies 
and btw why are people so surprised that trump would renege on a deal? he's not exactly known for his commitment to treaties 
the US is really getting close to imposing those tariffs on Mexican goods 
, but it looks like they're backing down for now 
. It's actually kinda cool that Sheinbaum and Trump were able to hammer out a deal 
, so fingers crossed it stays that way 
. Interesting how Canada's deal with the US ended abruptly though 
. I gotta say, it's kinda refreshing to see leaders talking it out instead of just slapping tariffs left & right. And Sheinbaum sounds like a total pro for holding her own in those talks 
. Still, you wonder what the real reason was for Trump to pause the tariffs in the first place... Guess we'll just have to wait and see how this all plays out 
Giving a helping hand can lead to some amazing deals 
! I'm not sure how this is gonna affect everyone, but a few more weeks sounds like a win for both countries, right? The peso went up after Sheinbaum's presser, so it seems the Mexican people are breathing a sigh of relief. Still a bit worried about those trade barriers though... been hearing that US and Canada didn't exactly see eye to eye on their deal 