Updated at 5:22 p.m. ET
President Trump announced Friday that Guatemala has agreed to sign a “safe third-country asylum agreement” as part of his strategy for reducing the flow of migrants to the U.S.
Trump made the announcement before reporters in the Oval Office as Guatemalan interior minister Enrique Degenhart signed the agreement.
He called it “a very important” signing. “It’s going to be terrific for them and terrific for the United States,” Trump said, adding the agreement “will usher in a new era and investment and growth for Guatemala.”
The agreement comes after days of threats by Trump to Guatemala that included potential tariffs on Guatemalan goods, taxes on remittances sent home by Guatemalans living in the U.S. and, a potential travel ban on Guatemalan nationals to the U.S.