A 30% tariff on Mexican imports that was set to go into effect Friday will be delayed for 90 days.
After a 40-minute phone call between President Donald Trump and Mexican President Claudia Sheinbaum and their teams, both presidents announced a three-month pause on the tariff increase on Mexican goods imported into the United States.
Sheinbaum told reporters after the call Thursday that Mexico made the “best agreement possible.”
“We have a very good situation facing this new international order,” Sheinbaum said.
A 25% tariff on Mexican goods that don’t fall under the trade agreement between Canada, the United States and Mexico remains, as do separate tariffs on autos, steel and aluminum.
On social media, Trump wrote that Mexico would quote “immediately terminate its Non Tariff Trade Barriers,” but didn’t provide specifics.
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Mexico will start delivering water it owes the United States this week. -
Governors from several of Mexico’s states, including Sonora, met in Mexico City for a security meeting to approve the new law. -
The plan does not make vape use in the country illegal, but does crack down on distributors and producers. -
The proposed import fees come as the United States pressures Mexico to become less economically reliant on China. -
That includes more than 11,000 non-Mexican deportees, according to Mexican President Claudia Sheinbaum.
