Trump delays additional tariffs on Mexico by 90 days

US President Donald Trump agreed with Mexican President Claudia Sheinbaum to postpone for 90 days the additional 30% tariffs on Mexico that were to take effect on August 1.
The US president posted on his social media platform Truth that the call with Sheinbaum was fruitful because they now know and understand each other better.
"I just concluded a very productive phone call with the President of Mexico, Claudia Sheinbaum, as we know and understand each other better. The complexities of an agreement with Mexico are somewhat different than other countries due to the issues and advantages of the border," he said.
“We have agreed to extend, for 90 days, exactly the same agreement we had during the previous short period: Mexico will continue to pay a 25% tariff on fentanyl, a 25% tariff on automobiles, and a 50% tariff on steel, aluminum, and copper. In addition, Mexico agreed to immediately remove its numerous non-tariff trade barriers,” Trump posted.
For her part, Sheinbaum posted on her social media accounts that after the call with her US counterpart, Mexico avoided the tariff increase announced for Friday.
“We had a very good call with US President Donald Trump. We avoided the tariff increase announced for tomorrow and achieved 90 days to build a long-term agreement through dialogue,” she added.
We had a very good call with US President Donald Trump. We avoided the tariff increase announced for tomorrow and secured 90 days to build a long-term agreement through dialogue," she said.
Trump added that he will talk with Mexico over the next 90 days with the goal of signing a trade agreement within that time frame, or even longer.
The US official said that Vice President J. D. Vance, Treasury Secretary Scott Bessent, Secretary of State Marco Rubio, Secretary of Commerce Howard Lutnick, US Trade Representative and Ambassador Jamieson Greer, Chief of Staff Susie Wiles, Deputy Chief of Staff for Policy, and US National Security Advisor Stephen Miller were present at the meeting.
“Cooperation at the border will continue in all aspects of security, including drug control, distribution, and illegal immigration to the United States. Thank you for your attention to this matter,” he added.
Sheinbaum said she was accompanied on the call by Juan Ramón de la Fuente, Secretary of Foreign Affairs; Marcelo Ebrard, Secretary of Economy; and Roberto Velasco, Undersecretary for North America.