DEVELOPING: Trump announces tariff-avoiding deal with Mexico.

Pop the tequila and pass the guacamole — the US has struck a trade deal with Mexico that will avert tariffs on imports.

“I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” President Trump tweeted Friday night.

“The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended,” he added.

“Mexico, in turn, has agreed to take strong measures to stem the tide of Migration through Mexico, and to our Southern Border,” he said.

Related: Mexico Capitulates to Trump’s Tariff Threat, Deploys 6,000 Troops to Guatemalan Border to Curb Migration.