<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div class=""><a href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs" class="">https://www.nytimes.com/live/2025/02/03/us/trump-tariffs</a></div><div class=""><h1 id="link-1220bb8d" class="css-dz70aj e1h9rw200" data-testid="headline">Mexico Reaches Deal With U.S. to Delay Trump Tariffs</h1><p class="evys1bk0 css-daiqw4"><b class=""><i class="">President
Trump said he would pause tariffs on Mexico for a month, but levies on
Canada and China were still set to take effect on Tuesday. U.S. shares
fell at the opening bell, following drops in Asian and European markets,
amid fears of a trade war.</i></b></p></div><p class="live-blog-post-content evys1bk0 css-h61jh5">President Claudia
Sheinbaum of Mexico struck a deal with the Trump administration to delay
stiff tariffs, which were set to take effect on Tuesday, for a month as
the two countries reached a series of agreements on border security.
Ms. Sheinbaum agreed to deploy 10,000 troops, who President Trump said
would be designated to stop the flow of migrants and illegal drugs
across the U.S.-Mexico border.</p><p class="live-blog-post-content evys1bk0 css-h61jh5">In
return, Mexico will get at least a temporary reprieve from the blanket
25 percent tariffs Mr. Trump announced on Saturday, as well as help from
the U.S. government to stanch the movement of guns back over the
border, Ms. Sheinbaum said on Monday. The agreement, two days after Mr.
Trump also announced tariffs of 25 percent against Canada and 10 percent
against China, came amid fears that the measures would disrupt the
global economy, <a class="css-yywogo" href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs#stocks-trump-tariffs" title="">roiling stock markets around the world.</a></p><div class=""><p class="live-blog-post-content evys1bk0 css-h61jh5">Mr.
Trump ordered the tariffs as a response to his concerns over the flow
of migrants and drugs, particularly fentanyl, into the United States.
While adding a partial carve out for Canadian energy and oil exports,
the president acknowledged that his tariffs, which cover countries that
account for more than a third of the products brought into the country,
could cause “some pain” for consumers.</p><p class="live-blog-post-content evys1bk0 css-h61jh5">Over the weekend, Canada announced retaliatory <a class="css-yywogo" href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs#trump-tariffs-windsor-canada" title="">levies of 25 percent</a>
on U.S. goods. China vowed to file a case against the United States at
the World Trade Organization and take “corresponding countermeasures to
firmly safeguard its rights and interests.”</p><p class="live-blog-post-content evys1bk0 css-h61jh5">Mr. Trump signaled on Sunday that <a class="css-yywogo" href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs#trump-tariffs-european-union" title="">Europe could be his next target</a>,
telling the BBC that tariffs “will definitely happen with the European
Union” and could come “pretty soon.” European leaders responded on
Monday that a trade war with the United States would destabilize
economies on both sides of the Atlantic Ocean.</p><p class="live-blog-post-content evys1bk0 css-h61jh5">Here’s what else to know:</p><ul class="live-blog-post-content ez3869y0 css-1ie9vib"><li class="eoqvrfo0 css-1i3ul0c"><p class="evys1bk0 css-1il0jfh"><strong class="ebyp5n10 css-8qgvsz">Canada’s response:</strong>
The Canadian government on Sunday published a list with hundreds of
American goods imported into Canada that will face 25 percent tariffs
starting Tuesday. Canada imported 30 billion Canadian dollars’ worth of
those goods in 2024 (about $20 billion), and the list will be updated to
include thousands more products in the next three weeks, as Canada
escalates to a second stage of retaliation that will target another $86
billion worth of U.S. imports. <a class="css-yywogo" href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs#from-liquor-to-dishwashers-canada-details-us-goods-it-will-hit-with-tariffs" title="">Read more ›</a></p></li><li class="eoqvrfo0 css-1i3ul0c"><p class="evys1bk0 css-1il0jfh"><strong class="ebyp5n10 css-8qgvsz">Tariffs explained:</strong>
Mr. Trump has insisted that his tariffs would not increase prices for
American consumers and that if anyone pays the cost, it will be other
countries. But a review of how tariffs work suggests that is not the
case. <a class="css-yywogo" href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs#trump-tariffs-what-to-know" title="">Read more ›</a></p></li><li class="eoqvrfo0 css-1i3ul0c"><p class="evys1bk0 css-1il0jfh"><strong class="ebyp5n10 css-8qgvsz">U.S. businesses respond:</strong>
Groups representing American fuel manufacturers, home builders,
retailers and alcohol producers responded to the tariff orders with a
common concern: that businesses’ costs would increase, and consumers
would end up paying the price. <a class="css-yywogo" href="https://www.nytimes.com/live/2025/02/03/us/trump-tariffs#across-sectors-business-and-labor-groups-push-back-against-trumps-tariffs" title="">Read more ›</a></p></li></ul></div><div class=""><br class=""></div><div class="">
Arthur Stamoulis<br class="">Citizens Trade Campaign<br class="">(202) 494-8826<br class=""><br class=""><br class=""><br class="">
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