Thousands Of Mexicans Celebrate US Decision To Delay Tariffs Photo: AP Thousands Of Mexicans Celebrate US Decision To Delay Tariffs Photo: AP

Tens of thousands of people packed into Mexico's City main plaza on Sunday to celebrate with President Claudia Sheinbaum a decision by the U.S. to postpone tariffs on many of the country's goods.

The crowd clutched large Mexican flags and yelled, “Mexico is to be respected!” as they cheered on Sheinbaum.

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“Fortunately, dialogue and respect have prevailed,” she told the crowd.

The celebration comes just days after U.S. President Donald Trump postponed 25% tariffs on many imports from Mexico for a month, saying Sheinbaum had made progress on drug smuggling and illegal immigration.

Sheinbaum had planned to announce any retaliatory measures on Sunday but instead held a mass celebration.

While threats persist, the president said she was optimistic tariffs would not be applied to Mexico and that she would continue to act with a “cool head” in the face of Trump.

Among Sheinbaum's supporters was Roberto González, a 68-year-old computer scientist who raised a sign that read “we are united Mexicans."

“The unity of the country is very important,” said González, adding that is the only way Mexico would be able to “face one of the largest powers in the world."

Also cheering on the president was Mariana Rivera, a 40-year-old social activist who held up a massive Mexican flag as high as her arms allowed.

Despite the dark clouds hanging over the country, the activist said she was convinced that “the president will overcome everything.”

Analysts say they don't expect the jubilant ceremony to alleviate the climate of uncertainty that threatens new investments and the Mexican economy, but that it would help Sheinbaum consolidate internal support against Trump, who is setting the pace of bilateral relations with his powerful rhetoric.

“This is an event designed more for internal politics,” said political scientist and academic Javier Rosiles Salas, stating that Sheinbaum will seek to strengthen her image and leadership with Sunday's event.

Rosiles Salas told The Associated Press that despite concerns in Mexico about the economic impacts that a tariff war with the United States — its main trading partner and destination of more than 80% of Mexican exports — could unleash, the confrontation with Trump has been “very profitable for Claudia Sheinbaum” and has allowed her to achieve popular support of over 60% five months into her term.

Although the 62-year-old president appears strong now, it is not clear whether her political support would weaken if the Mexican economy deteriorated because of tensions with the U.S.

For now, the projections of specialists and rating agencies are not favorable. Most analysts agree that if general tariffs are imposed,9x999 cassino Mexico could face a contraction of more than 1% of the Gross Domestic Product.

The book is authored by Balbir Dutt, a senior journalist and founder of Ranchi Express. Recalling those days, Dutt says, “I was the editor of the newspaper during the Emergency. The censor officers were ordered to allow the publication of the newspaper only after going through all the news. It was the second or third day after the declaration of the Emergency. The magistrate deputed for our newspaper read everything carefully, even the report of a football match between two national teams, but he probably overlooked the editorial column that we had left blank. Unknowingly, he put his signature even in that blank space. When the column was printed the next day, there was a huge furore.”

Started in 1822 by Parsi scholar and entrepreneur Furdoonjee Marzbanjee and presently owned by the Cama family since 1933, it is the oldest continuously published news daily in Asia.

A prolonged climate of uncertainty doesn't favor Mexico, according to Samuel Ortiz Velásquez, professor of the Faculty of Economics at the National Autonomous University of Mexico.

After phone conversations with his counterparts in Mexico and Canada, Trump decided last Thursday to pause until April 2 the general tariffs for products that are under a trilateral trade agreement. In early February, Trump also suspended tariffs after Sheinbaum promised to send 10,000 national guards to the northern border to contain drug trafficking.

Despite the agreements, Trump's decision on the 25% tariffs on steel and aluminum from Mexico and Canada, which are scheduled to come into effect on March 12cucapg, remains in limbo.