Mexico’s President Claudia Sheinbaum holds a morning press convention following U.S. announcement of auto trade tariffs in Mexico Metropolis, Mexico March 27, 2025.
Presidencia De Mexico | By way of Reuters
President Donald Trump on Thursday stated he wouldn’t increase U.S. tariffs on Mexican items past their present ranges for 90 days, so as to give the neighboring international locations time to strike a commerce deal.
Trump just lately threatened to lift the blanket tariff charge on Mexican imports to 30%, up from the 25% obligation he had beforehand imposed to handle alleged cross-border crime and drug trafficking. Mexico can also be uncovered to a 25% tariff on auto imports and 50% tariffs on metals commodities.
However Trump stated he would postpone any tariff adjustments after his “very profitable” name with Mexican President Claudia Sheinbaum.
“An increasing number of, we’re attending to know and perceive one another,” Trump stated in a Truth Social post.
“The complexities of a Take care of Mexico are considerably completely different than different Nations due to each the issues, and belongings, of the Border,” Trump wrote.
“We’ve agreed to increase, for a 90 Day interval, the very same Deal as we had for the final brief time period, specifically, that Mexico will proceed to pay a 25% Fentanyl Tariff, 25% Tariff on Automobiles, and 50% Tariff on Metal, Aluminum, and Copper,” he wrote.
Trump additionally stated that Mexico has “agreed to instantly terminate its Non Tariff Commerce Obstacles, of which there have been many.” His publish didn’t specify which alleged commerce boundaries can be lifted.
“We will probably be speaking to Mexico over the following 90 Days with the purpose of signing a Commerce Deal someplace inside the 90 Day time period, or longer,” he wrote.
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