President Trump tweeted late Friday that he’d suspended plans to impose tariffs on Mexican goods, saying the U.S. and Mexico had reached an agreement on stemming illegal immigration. The president says Mexican officials “agreed to take strong measures” to cut down on the flow of illegal immigrants traveling through Mexico and entering the U.S. An Associated Press report says the move puts to an end a threat that had sparked warnings from members of Trumps party, as well as administration officials, about long-term damage to the economy. The damage would include driving up prices for consumers, as well as put the recently-updated U.S.-Mexico-Canada Trade Agreement in jeopardy.
U.S. and Mexican officials met for more than 10 hours on Friday and ended a third day of talks with an agreement that would satisfy Trump’s demand that Mexico crack down on illegal immigration into the U.S. Republicans in Congress had recently warned the president that they were ready to try and stop imposing tariffs on Mexico that were scheduled to begin on Monday. They were worried about driving up costs to consumers and the damage to the economy.