Tariffs

Trump Gives Mexico 90-day Extension to Reach Trade Deal

Trump agreed to delay imposing higher tariffs on Mexico after a call with Sheinbaum, allowing 25 percent tariffs to remain for 90 days.
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Trump Gives Mexico 90-day Extension to Reach Trade Deal
Mexican President Claudia Sheinbaum speaks during her daily news conference at the National Palace in Mexico City, Mexico, on Feb. 3, 2025. Photo by Yuri CORTEZ / AFP
Andrew Moran
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President Donald Trump said on July 31 that he will not raise U.S. tariffs on Mexican goods for 90 days following a “very successful” call with Mexican President Claudia Sheinbaum.

“More and more, we are getting to know and understand each other,” Trump said on Truth Social.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."