According to Claudia Sheinbaum and Donald Trump, tariffs between the US and Mexico are paused for one month. This has already triggered a rebound for the crypto market, particularly XRP.

However, Canadian Prime Minister Justin Trudeau is retaliating harshly to US tariff efforts. His country is much more entangled with crypto markets than Mexico, presenting a real wild card.

US and Mexico Reach Agreement

Proposed tariffs between the US and Mexico have been wreaking havoc in the crypto market. US tech stocks were already reeling from DeepSeek, but new tariffs against Mexico, Canada, and China have caused billions in crypto liquidations.

XRP, which rallied over 300% since Trump’s election victory, dropped by over 25% over the weekend after the US president indirectly imposed a global trade war. Ripple’s altcoin slumped to $2.01 on Monday morning, its lowest in over a month.

Nonetheless, Mexican President Claudia Sheinbaum has reached an agreement with Donald Trump to postpone the process.

“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements. Our teams will begin working today on two fronts: security and trade. Tariffs will be paused for one month from now,” Sheinbaum claimed via social media.

Sheinbaum claimed that her government would direct the National Guard to police the drug trade in the US. Trump concurred, announcing the deal.

Now that these new tariffs have appa

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Author: Landon Manning