Tens of thousands of Mexicans rally with president to celebrate US decision to delay tariffs

MEXICO CITY -- Tens of thousands of radical packed into Mexico's City main plaza connected Sunday to observe with President Claudia Sheinbaum a determination by the U.S. to postpone tariffs connected galore of the country's goods.

The assemblage clutched ample Mexican flags and yelled, "Mexico is to beryllium respected!" arsenic they cheered connected Sheinbaum.

"Fortunately, dialog and respect person prevailed," she told the crowd.

The solemnisation comes conscionable days aft U.S. President Donald Trump postponed 25% tariffs connected galore imports from Mexico for a month, saying Sheinbaum had made advancement connected cause smuggling and amerciable immigration.

Sheinbaum had planned to denote immoderate retaliatory measures connected Sunday, but alternatively held a wide celebration.

While threats persist, the president said she was optimistic tariffs would not beryllium applied to Mexico and that she would proceed to enactment with a "cool head" successful the look of Trump.

Among Sheinbaum's supporters was Roberto González, a 68-year-old machine idiosyncratic who raised a motion that work "we are agreed Mexicans."

"The unity of the state is precise important," said González, adding that is the lone mode Mexico would beryllium capable to "face 1 of the largest powers successful the world."

Also cheering connected the president was Mariana Rivera, a 40-year-old societal activistic who held up a monolithic Mexican emblem arsenic precocious arsenic her arms allowed.

Despite the acheronian clouds hanging implicit the country, the activistic said she was convinced that "the president volition flooded everything."

Analysts accidental they don't expect the jubilant ceremonial to alleviate the clime of uncertainty that threatens caller investments and the Mexican economy, but that it would assistance Sheinbaum consolidate interior enactment against Trump, who is mounting the gait of bilateral relations with his almighty rhetoric.

"This is an lawsuit designed much for interior politics," said governmental idiosyncratic and world Javier Rosiles Salas, stating that Sheinbaum volition question to fortify her representation and enactment with Sunday's event.

Rosiles Salas told The Associated Press that contempt concerns successful Mexico astir the economical impacts that a tariff warfare with the United States - its main trading spouse and destination of much than 80% of Mexican exports - could unleash, the confrontation with Trump has been "very profitable for Claudia Sheinbaum" and has allowed her to execute fashionable enactment of implicit 60% 5 months into her term.

Although the 62-year-old president appears beardown now, it is not wide whether her governmental enactment would weaken if the Mexican system deteriorates due to the fact that of tensions with the U.S.

For now, the projections of specialists and standing agencies are not favorable. Most analysts hold that if wide tariffs are imposed, Mexico could look a contraction of much than 1% of the Gross Domestic Product.

A prolonged clime of uncertainty doesn't favour Mexico, according to Samuel Ortiz Velásquez, prof of the Faculty of Economics astatine the National Autonomous University of Mexico.

After telephone conversations with his counterparts successful Mexico and Canada, Trump decided past Thursday to intermission until April 2 the wide tariffs for products that are nether a trilateral commercialized agreement. In aboriginal February, Trump besides suspended tariffs aft Sheinbaum promised to nonstop 10,000 nationalist guards to the bluish borderline to incorporate cause trafficking.

Despite the agreements, Trump's determination connected the 25% tariffs connected alloy and aluminum from Mexico and Canada, which are scheduled to travel into effect connected March 12, remains successful limbo.