American postponed Mexico tax

On February 3, Mr. Trump wrote on social networks that he would delay the time limit for importing import taxes with Mexico for another month. Mexico agreed to tighten the northern border control, in order to block smuggling, especially Fentanyl, to the US.

Mexican President Claudia Sheinbaum said the above agreement also included a commitment from the US to prevent weapons smuggling to Mexico. Two leaders talked on February 3, just a few hours before the US import tax on Mexico, China and Canada took effect. Mr. Trump said that in a month of taxponation, the two countries will discuss more deeply on these issues.

“I am looking forward to these discussions, with President Sheinbaum, to help the two countries reach an agreement,” he wrote.

On February 1, President Trump signed an order to impose a tax on Mexico, Canada and China. Accordingly, energy imported from Canada will be imposed on 10%tax, while this item from Mexico is still subject to 25%tax. Other items from Mexico and Canada were subject to 25% tax and all Chinese goods were added an additional 10%, from 0h01 on February 4.

Today, Mr. Trump also talked to Canadian Prime Minister Justin Trudeau. The two sides will have the next discussion on import tax issues between the two countries.

Earlier, Canada and Mexico both announced that they would impose retaliation taxes. China also announced it would sue the United States to the World Trade Organization (WTO).

The main indicators on the US stock market reversed after the US disciples of Mexico taxppon. Earlier, DJIA, S&P 500, Nasdaq Composite are all decreasing.

World gold price also made a new peak, when increasing nearly 26 USD to 2,822 USD per ounce.