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Trump tariffs on Mexico to be paused one month, Sheinbaum says, as she announces troop border deployment

President Donald Trump paused for a month new 25% tariffs on goods entering the United States from Mexico.

Mexican President Claudia Sheinbaum agreed to immediately send 10,000 soldiers to her country’s border to prevent the trafficking of fentanyl and other drugs.

The announcement came two days after Trump slapped 25% tariffs on goods from Mexico and Canada, as well as a 10% tariff on goods imported from China.

Trump said there will be Mexican officials, Secretary of State Marco Rubio, Secretary of Treasury Scott Bessent, and Secretary of Commerce Howard Lutnick will negotiate on tariffs.

 
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The art of the deal...

President Donald Trump paused for a month new 25% tariffs on goods entering the United States from Mexico.

Mexican President Claudia Sheinbaum agreed to immediately send 10,000 soldiers to her country’s border to prevent the trafficking of fentanyl and other drugs.

The market will stay bumpy, but once they understand this is all negotiation tactics and not a permanent practice, things will settle down.

The fact that Trump is threatening European countries with tariffs is a little more tricky. No fentanyl at those borders, but he certainly has something he is trying to get them to do.

Again, the market will just have to accept the volatility while it unfolds, but by the end of the year we'll wonder what the fuss was all about. We'll have to get used to it and see if we can't take advantage of the inevitable volatility this will bring.
 
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China retaliates with additional tariffs of up to 15% on select U.S. imports starting Feb. 10
Key Points

• China’s Finance Ministry said Tuesday it will impose additional tariffs of 15% on coal and liquefied natural gas imports from the U.S., starting Feb. 10.

• China will also levy 10% higher duties on American crude oil, farm equipment, and certain cars and trucks, as well as enacting export controls on certain products related to critical minerals.

 
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