New York Stock Market Narrows Losses on Trump's Mexico Tariff Delay

Trump Agrees to "One-Month Delay on Mexico Tariffs"
Mexico to Deploy Military to Crack Down on Fentanyl and Illegal Immigration
Trump to Hold Phone Call with Canadian Prime Minister at 3 p.m.

U.S. President Donald Trump’s decision to delay the imposition of a 25% tariff on Mexico for one month has led to a rapid reduction in losses on the New York stock market.

As of 11:16 a.m. in the New York stock market, the Dow Jones Industrial Average, which focuses on blue-chip stocks, was trading at 44,449.89, down 0.21% from the previous day. The S&P 500, centered on large-cap stocks, was down 0.66% at 6,000.87, and the Nasdaq, focused on technology stocks, was down 1.01% at 19,429.14.

In the early trading session, the Dow and S&P 500 had fallen more than 1%, and the Nasdaq had dropped about 2%, but the news of the U.S. delaying tariffs on Mexico quickly narrowed the losses.

On the same day, President Trump posted on his social media platform Truth Social, which he created, saying, "I just spoke with Claudia Sheinbaum, President of Mexico," and added, "We have agreed to immediately suspend the expected tariffs for one month." He also said, "President Sheinbaum agreed to immediately deploy 10,000 troops to the border dividing Mexico and the United States," adding, "These troops will be specially designated to prevent fentanyl and illegal immigrants from entering our country."