After striking an agreement with Mexican President Claudia Sheinbaum Pardo for increased border enforcement, Trump also put a halt to his planned 25% tariffs on Mexico on Monday.
The news scared investors and promised to raise costs for a variety of consumer items by preventing an imminent trade war between.
The United States and two of its closest allies. Following the announcement of the Mexico transaction, the S&P 500 stock index somewhat recovered its losses from its early trade on Monday.
According to White House Press Secretary Karoline Leavitt, Trump’s decision to halt the tax on Mexico was unaffected by the market decline.
Trump issued executive orders on Saturday to begin enforcing the 10% tariff on China and the 25% duty on Canada and Mexico on February 4.
