Economics

Trump's Mexico Reprieve Offers Rare Good News for World Economy

Kuroda, Indrawati among those to welcome Trump’s reversal
Mnuchin to meet with China’s Yi Gang during G20 in Fukuoka

Mexico City.
Photographer: Alejandro Cegarra/Bloomberg

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By Enda Curran, Michelle Jamrisko, and Saleha Mohsin

June 8, 2019 at 3:57 AM UTC

Updated on

June 8, 2019 at 9:48 AM UTC

This article is for subscribers only.

President Donald Trump’s reversal of plans for new tariffs on Mexico is rare good news for a world economy that’s being buffeted by escalating U.S.-China trade tensions.

Central bank chiefs and finance ministers gathered in Fukuoka, Japan, for meetings of the Group of 20 were quick to welcome Trump’s reprieve, saying it removed one of the biggest worries for companies and investors.