US President Donald Trump has given relief to Mexico about tariffs. The decision has been taken after a conversation with Mexico President Claudia Shinbam. Trump has said that the new tariffs will not apply to the trade under the agreement between the US, Mexico and Canada, which will remain in effect till April 2.

Donald Trump wrote on social media platform Truth Social that after talking to Mexico President Claudia Shinbam, I have agreed that Mexico will not need to pay tariffs on anything that comes under USMCA. The agreement is till 2 April 2025. He has been given a concession and honor to President Sheenbam. Thanks, President Sheenbaum, for your work and cooperation! ‘

The global markets declined after the 25 percent tariffs imposed by Trump on American imports from Canada and Mexico declined and economists say that Americans may face a wide base price increase.

Since assuming office in January, Trump had warned to impose tariffs on both colleagues and opponents and announced that business will be a major part of his foreign policy.

Trump has said that Tariff should become a major source of revenue of the US government and at the same time the business imbalance and practices that Washington considers inappropriate.

Earlier, Trump said in an interview to ‘NBC News’ that we are giving a subsidy of more than US $ 100 billion to Canada every year. We are giving a subsidy of about 300 billion US dollars to Mexico. We should not give subsidy. Why are we subsidizing these countries? If we are giving them subsidy, then they (America’s) should become a state.

(Tagstotranslate) Donald Trump (T) Maxico (T) Mexico Tarifs (T) Donald Trump (T) & Nbsp; Mexico & Nbsp; Tariff