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The US President Donald Trump held in force just a few hours before they come into force and came into force, and withdrew North America from the edge of a harmful trade war.
Delay offers Tariff In the two largest trading partners in America, after separate bilateral calls between Trump and Mexican President Claudia Sheinbaum and the Canadian Prime Minister Justin Trudeau were announced on Monday.
Trump’s reversal was followed by a weekend announcement by large taxes in Canada, Mexico and China, the nerves allies and investors.
The additional tariff of 10 percent in China, via existing taxes, are still put into force. The US President is expected to speak to China’s leader Xi Jinping in the coming days, the White House said on Monday.
Sheinbaum and Trudeau both agreed to bring 10,000 soldiers to their limits with the United States and to combat drug trafficking, which gave them a 30-day delay of taxes that would have disturbed hundreds of billions of dollars a year in stores and possibly a tit -For- act skirmishes.
As part of the package of the border measures, Trudeau, $ 200 million (USD 138.56 million) promised to appoint financial resources with “organized crimes and fentanyl” and a “fentinelzar”.
Canada will also list cartels as terrorist organizations and start a “common strike towers in Canada to combat organized crime, fentanyl and money laundering”.
“The tariffs announced on Saturday are carried out for a period of 30 days to determine whether a final economic contract with Canada can be structured” month of “negotiations” with Mexico.
The Canadian dollar, the Mexican peso and the US Trump card At the weekend he said he would do threats to meet Canada and Mexico with 25 percent tariffs with a few carve-outs. On the whole, the tariffs were largely expected to have profound effects on companies and the broader economy in all three countries.
The shares in the Asian-Pacific area rose in early trade on Tuesday. However, Wall Street strongly dropped its losses when Trump wanned his attitude towards upcoming tariffs. The Canadian dollar and Peso also recovered on Monday evening.
“This is an enormous relief that depends on a deal,” said Flavio Volpe, President of the Canadian automotive parts manufacturer association, an industry that is expected to suffer a strong blow from the tariffs.
Despite the break, the White House divided into an executive order on Monday evening: “If illegal migration and illegal drug crises deteriorate and the government of Mexico does not take sufficient measures to relieve these crises, the President must address the necessary steps the situation “.
Trump insists that the tariffs in Mexico and Canada are needed to get the two countries from preventing more migrants and drugs that go into the USA.
US companies have withdrawn against the tariff plans and warn that they would increase the prices for Americans and the offer chains.
Sheinbaum said her call with Trump, whom she described as a “good conversation”, took about 45 minutes and she explained Mexico’s concerns about the smuggling of sophisticated weapons from the United States, which were used by the criminal groups in the country. She added that the US President had agreed to stop the arms trade.
The Mexican leader said Trump also brought up the trade deficit between the two countries.
“I told him that in reality it was not a deficit that we had a trade agreement that we were trading partners and that this was the result of trading partners. And so it was the best way in both cases to compete against China and other regions of the world, ”said Sheinbaum.
Trudeau said in a similar way that he had a “good call” with Trump and added that “Canada converted our border plan of 1.3 billion C $ to new chopper, technology and personnel, coordination with our American partners reinforced and increased resources to increase resources. Stop the fentany river. ”
