Trump tweets

Trump halts plan to designate Mexican drug cartels as terrorists

President Trump
President Trump on Dec. 06 in Washington, D.C. Photo: Chip Somodevilla/Getty Images

President Trump tweeted on Friday that the U.S. will "temporarily hold off" on designating Mexican cartels as terrorist organizations.

The big picture: Trump's vow to re-label Mexican drug cartels in November prompted Mexico's president to characterize the proposal as "interventionism." The Mexican foreign secretary said last month he got in contact with the U.S. government over the proposal. Trump added on Friday that he was halting the decision at President Andrés Manuel López Obrador's request.

Trump may get the weak dollar he wants

Illustration of George Washington looking concerned on a dollar bill
Illustration: Sarah Grillo/Axios

The dollar has fallen every day this week, notching a cumulative loss of around 1% since President Trump complained on Twitter about its strength and took aim at two countries with weak currencies.

Why it matters: The decline may continue, reducing the dollar's strength in 2020, experts say.