U.S. puts 90-day pause on 30% tariff hike on Mexico

U.S. President Donald Trump announced that, after speaking with Mexico's president, Claudia Sheinbaum, the countries' trade relations will remain under the current 25% tariff agreement for 90 more days.

The news came one day before Trump's 30% tariff on all Mexican goods imports was set to take effect. The hike was publicized in a letter addressed to President Sheinbaum—one of several the president released on social media—which targeted more than 20 trade partners and proposed tariffs between 20% and 40%.

The deal entails a 25% tariff on all goods unless they are compliant with the United States-Mexico-Canada Agreement, which Trump signed during his first term.

“We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer,” Trump wrote.

In a press conference, President Sheinbaum corroborated the president's statement and called the deal a good one for keeping tariffs at the same rate and communication flowing. She added that the call between her, the U.S. president and several other government officials lasted around 40 minutes, and that Mexico's strategy to maintain a level-headed and firm defense had worked.

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