Last week Trump threatened to impose a 5 percent tariff on all Mexican goods unless our Southern neighbor addressed the crisis at the border by today. The tariffs would have jumped each month until they hit 25 percent in October.
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With the deadline nearing, Trump took to Twitter Friday to say a deal had been reached.
“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,” Trump tweeted. “Mexico, in turn, has agreed to take strong measures to stem the tide of migration through Mexico, and to our Southern Border.