Trump has postponed the implementation of tariffs against Mexico for one month.

The 25% tariffs imposed by the United States on all Mexican goods were set to take effect on February 4, but their implementation has now been postponed for a month.

This delay occurred after Mexico's President Claudia Sheinbaum announced an agreement with Donald Trump regarding import tariffs and border security, as reported by Bloomberg.

Trump confirmed the agreement with Sheinbaum.

“We agreed to immediately suspend the implementation of tariffs for one month,” he wrote.

During this time, the Secretary of State, along with the U.S. Secretaries of Treasury and Commerce, will hold talks with Mexican officials.

 “I look forward to participating in these negotiations alongside President Sheinbaum to try to reach a ‘deal’ between our two countries,” Trump added.

According to him, Mexico has agreed to send 10,000 National Guard troops to secure the border with the U.S. as part of the fight against the trafficking of fentanyl and the flow of migrants.

Sheinbaum, for her part, stated that the U.S. has “for the first time” agreed to tackle the supply of firearms and other more powerful weapons to Mexico. The priority of the Mexican government is to reduce violence in the country, she added.

Sheinbaum mentioned that Mexico has a “Plan B” in case Washington decides to impose tariffs, but she will not disclose it at this time.

Background: Over the weekend, Trump announced the imposition of 25% tariffs on all goods from Canada and Mexico (with a 10% rate set for Canadian energy resources), as well as 10% on all imports from China.

In addition, he threatened the European Union with tariffs, claiming it “buys almost nothing” from the U.S., while the U.S. buys “everything” from it.

On Monday morning, Trump also held a phone call with Canadian Prime Minister Justin Trudeau, but the leaders did not reach a compromise. A senior Canadian official told The New York Times that the situation may change (another call is expected today), but Ottawa does not anticipate a similarly optimistic outcome as with Mexico.

Meanwhile, a campaign against U.S. goods has already begun in Canada. Local stores have started removing American alcoholic beverages from sale. This will impact all U.S. manufacturers, according to Kenneth Shea, a senior analyst at Bloomberg Intelligence, specifically mentioning Brown-Forman (Jack Daniel's whiskey, etc.), Anheuser-Busch InBev (Budweiser, Corona Extra beer, etc.), and Constellation Brands (various wine brands, etc.)