July 31, 2025
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0:38Now PlayingPresident Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, again relenting after threatening to raise levies on a major trading partner.
Earlier this month, the US president had signaled plans to hike tariffs on Mexico’s exports to 30% from 25% starting Friday, saying President Claudia Sheinbaum’s government hadn’t done enough to help secure their shared border. Many goods certified under a free-trade pact between the countries and Canada have remained exempt.
Trump announced the pause one day after posting on social media that his Aug. 1 deadline “WILL NOT BE EXTENDED.”
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