The deal was reached after a call between the US president and his Mexican counterpart, Claudia Sheinbaum.

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The United States has announced it will not increase the tariffs it imposes on its southern neighbour, Mexico, after a call with the country’s president, Claudia Sheinbaum.

Her counterpart, US President Donald Trump, broke the news on his Truth Social platform on Thursday, touting the decision as a diplomatic breakthrough.

“I have just concluded a telephone conversation with the President of Mexico, Claudia Sheinbaum, which was very successful in that, more and more, we are getting to know and understand each other,” Trump wrote.