On the evening of Friday, June 7th, President Trump announced via Twitter the indefinite suspension of additional tariffs against Mexico that were scheduled for tiered implementation on Monday, June 10th.

The additional tariffs were voided as a result of (what has been reported to be either a new (or old)) agreement between the U.S. and Mexico that impactfully addresses the purported immigration concerns of the Administration. In accordance with the new agreement, Mexico has pledged to significantly increase its border security through the deployment of its National Guard as a means of curtailing the flow of illegal migrants into the U.S.

Despite the claim of indefinite suspension, the official U.S. Department of State notice allows for a review period in 90 days. The full details surrounding the agreement were released by the U.S. Department of State on Friday, June 7th and can be found HERE.

Shapiro will continue to monitor the situation and provide updates as they become available.