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Trade War Averted or Trade War Delayed?

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By: Josh Zive, Senior Principal, Policy Resolution Group at Bracewell

At 8:30 p.m. EDT on Friday, June 7, President Trump announced that the tariffs scheduled to be placed on imports from Mexico on June 10 were being suspended when he tweeted that:

“I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended. Mexico, in turn, has agreed to take strong measures to stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States. Details of the agreement will be released shortly by the State Department. Thank you!”
This tweet ended the most recent chapter of tariff and immigration disputes with Mexico, but it has not ended the larger controversies surrounding trade policy with Mexico. In the wake of the Preside…