The U. S Chamber of Commerce and the Alliance of Automobile Manufacturers both praised the president for suspending the planned tariffs.
The business community exhaled a collective sigh of relief over the weekend that President Donald Trump has taken tariffs against Mexico off the table and pulled back from another trade war. At least for now. Trump said he has « full confidence » that Mexico will crack down on migration, and the U. S Chamber of Commerce and the Alliance of Automobile Manufacturers praised the president for suspending the planned tariffs. Whether or not Trump’s agreement with Mexico will hold, however, is an open question.
The president thanked Mexico’s president and foreign minister and said so long as Mexico tries « very hard » to enforce the deal, « this will be a very successful agreement for both the United States and Mexico. »
But Trump also warned that tariffs remained an option.
« We can always go back to our previous, very profitable position on tariffs — but I don’t believe that will be necessary » he said in a Twitter post Sunday.
And Trump has a record of quickly changing his position if he believes his negotiating partner is not meeting his demands. The president suspended tariff hikes on China, for example, as the two countries sat down to try to hash out a trade deal. But he ultimately reversed that decision and more than doubled tariffs on $200 billion in Chinese goods after trade talks collapsed – despite weeks of signaling from the White House that the two sides were making progress.
