Trump, Mexico pause tariffs after border agreement; crypto positively reacts

President Donald Trump decided to suspend a 25% price project on goods entering the United States from Mexico for a month following an agreement with Mexican President Claudia Sheinbaum.

The decision comes after Sheinbaum engaged To deploy 10,000 troops of the National Guard on the American-Mexican border to slow down illegal drug trafficking, in particular fentanyl, and prevent the flow of migrants in the United States

The announcement was made two days after Trump imposed prices On Mexico, Canada and China. These prices were part of a wider strategy to put pressure on Mexico to take stronger measures on border safety and drug trafficking.

The agreement provides a temporary break to allow the two nations to continue to negotiate conditions. Trump said that US officials, including Secretary of State Marco Rubio, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lunick, would conduct talks alongside Mexico high -level representatives.

In an article on social networks, Trump expressed Optimism on the word of an agreement, noting that the one month window would allow both parties to explore possible solutions.

The break was considered a diplomatic victory for the two parties, the management of Mexico emphasizing respect for sovereignty and a mutual commitment to meet the challenges of border security.

Crypto and financial markets react

The price break had a positive impact on the financial markets. The American actions, which had opened the day below in the middle of fears of an escalation of the trade war, quickly found most of their losses after the announcement.

The S&P 500 index, which was down 0.7% earlier during the day, rebounded while investors reacted to the temporary relief of trade tensions. The Mexican peso, which had been under pressure due to the pricing threat, has also shown signs of stabilization.

Bitcoin (BTC) fell to $ 9,1178 on the evening of February 2, but has since bounced to around 98,000. Other cryptocurrencies Followed outWith just over 20%.

However, this temporary suspension of prices is not without risks. Although the decision grants short -term reductions to the markets, experts remain cautious. The prices on other nations, including Canada and China, should always take effect in the coming days, which raises concerns about potential reprisals.