Through Twitter, US President Donald Trump announced that he had reached an agreement with Mexico not to apply the punitive customs fees expected to be applied from Monday.
"I am pleased to report that the United States of America has reached an agreement with Mexico. Tariffs scheduled to be implemented by the US on Monday against Mexico are indefinitely suspended, "the US president wrote on twitter.
Donald Trump also explained that "Mexico, in turn, has agreed to take steps to stem the tide of migration across Mexico toward our southern border. This is being done to reduce or greatly eliminate illegal immigration from Mexico to the United States. Details of the agreement will be announced shortly by the State Department. Thank you.
At stake was the intention of the White House to want Mexico to take greater control over the flow of Central and South American migrants to the US.
The reaching of the agreement late Friday contrasts with earlier day's statements when its spokeswoman, Sarah Sanders, told the media in Ireland before starting the flight back to the US: "Our position has not changed. Tariffs will start being applied on Monday. "
Representatives from Mexico and from the United States maintained a third consecutive day of negotiations today, with the State Department seeking an agreement that meets Trump's demand to Mexico sharply increase its efforts to reduce these migratory flows. Sanders said the two sides had made "a lot of progress," but not enough.
The application of a 5% initial tariff on US imports from Mexico, which would be fed monthly by five percentage points to 25%, would have enormous economic implications for both countries.
The US bought 378 billion dollars ($ 333 billion) from Mexico last year, with cars and automotive components leading the way.