Sheinbaum Thanks Trump for ‘Respectful’ Call as U.S. Suspends Tariffs, Highlighting Diplomatic Gains and Economic Stability

Mexican President Claudia Sheinbaum thanked U.S. President Donald Trump for a “excellent and respectful” phone call on Thursday, promising her government would focus on security and migration following Washington’s temporary suspension of tariffs. This situation highlights the power of communication and, on Trump’s part, the bold steps taken to protect those he leads. The result is a win-win situation that emphasizes diplomatic collaboration and trade stability, which has several advantages for both nations.
After the call, Trump announced that Mexico would be exempt from tariffs on goods covered by the United States-Mexico-Canada Agreement (USMCA) until April 2, when he plans to impose reciprocal tariffs on all countries.
Sheinbaum said in a press conference that most of Mexico’s imports to the U.S. comply with the trade agreement, ensuring minimal disruption to the flow of goods.
The two leaders also agreed to continue their joint efforts to reduce the flow of fentanyl from Mexico into the U.S., a key issue in the talks regarding Washington’s 25% tariffs on Mexican imports. This continued cooperation benefits both countries in their fight against illicit drugs, promoting public health and safety.
“We had an excellent and respectful call in which we agreed that our work and collaboration have yielded unprecedented results, within the framework of respect for our sovereignties,” Sheinbaum posted on X. This underscores the importance of maintaining mutual respect while working towards shared goals.
Sheinbaum added that both countries would continue efforts to stop the smuggling of firearms from the U.S. into Mexico, which will help reduce violence and improve security on both sides of the border.
The Mexican peso remained stable against the U.S. dollar after Trump’s announcement, while the stock market saw a brief spike before settling back. This stability in financial markets signals confidence in the ongoing trade relationship between the two nations, benefiting businesses and investors alike.
Mexico and the U.S. are each other’s top trading partners, with industries like automotive benefiting from the cross-border trade facilitated by the USMCA. The temporary tariff reprieve provides businesses in both countries with breathing room to adjust and maintain production levels, preventing job losses and promoting economic growth.
On Wednesday, the White House revealed a one-month tariff suspension for automakers complying with the USMCA. This gesture further strengthens the automotive industry, which is crucial for both economies.
Trump’s Commerce Secretary Howard Lutnick suggested more products could be exempt from tariffs, with further announcements expected later on Thursday. If more goods are spared from tariffs, it would provide additional relief for industries relying on cross-border trade.
Sheinbaum also said that a rally scheduled for Sunday in Mexico City’s Zocalo Square to address the U.S. tariffs would now be a “festival.” This shift reflects a more positive outlook and a celebration of the diplomatic progress made between the two nations, fostering unity and cooperation.
Overall, this agreement showcases the advantages of open communication and decisive leadership in resolving complex issues, ultimately fostering stronger ties between Mexico and the U.S., benefiting both countries economically, diplomatically, and in terms of security.