Article snippet: MORE said Friday evening he would drop plans to impose sweeping tariffs on Mexico after the United States' southern neighbor agreed to take new steps to crack down on illegal migration. The decision—reached three days before the tariffs were set to take effect—averts a possible showdown with Congress and could soothe jittery financial markets that have been rattled by the proposed duties, which lawmakers and experts warned could damage the U.S. economy. “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,” Trump tweeted. Trump said the Mexican government would “take strong measures to stem the tide of Migration through Mexico, and to our Southern Border.” Mexican Foreign Minister Marcelo Ebrard confirmed on Twitter that a deal had been reached to avert the tariffs. Secretary of State MORE in a statement Friday thanked Ebrard “for his hard work to negotiate a set of joint obligations that benefit both the United States and Mexico.” As part of the deal reached Friday, Mexico has agreed to deploy its national guard throughout the country to help apprehend migrants and fight gangs, boost intelligence sharing with the U.S. and allow the U.S. to deport migrants seeking asylum to Mexico to await adjudication, the State Department said. Mexico this week froze the assets of more than two dozen entities belie... Link to the full article to read more