(KRON) — President Donald Trump said on Twitter Friday afternoon that an agreement has been reached with Mexico, suspending tariffs that were scheduled to be implemented Monday. 

In a tweet, Trump said, “I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended.”

According to Trump, Mexico has agreed to take measures to curb illegal immigration into the U.S. at the southern border. 

The president had previously given Mexico an ultimatum — to meet his immigration requests or the U.S. would impose a 5 percent tariff on exports to the U.S. 

The tariffs could have been implemented Monday and would have gradually increased every month until October. 

For live, local news, download the KRONon app. It lets you watch commercial-free news from the Bay Area’s Local News Station on multiple streaming devices.

Click here to subscribe for a free 7-day trial

WHAT OTHERS ARE CLICKING ON:

>>MORE STORIES