Trump’s tariffs on Mexico delayed by a month after panic sparked over major price hikes on groceries and gas

THE US tariffs against Mexico will be put on hold for a month hours before the 25% tax was scheduled to be implemented on Tuesday

President Donald Trump‘s threats to impose a 25% tariff on Mexico and Canada, and a 10% tariff on China disrupted the global economy, sending stock markets in a tailspin.

President Donald Trump speaks to the press upon arrival at Joint Base Andrews in Maryland on February 2Getty

Leaders in the affected countries scrambled to retaliate as President Trump signed an executive order over the weekend that would see the tariffs take effect on Tuesday.

Canada announced a retaliatory levies of 25% on US goods, while China vowed to file a lawsuit with the World Trade Organization against the United States.

On Monday, Mexican President Claudia Sheinbaum announced her administration and President Trump reached a series of agreements that would delay the tariffs on Mexico for a month.

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