US EditionTrump says Mexico trade deal extended for 90 days
UNITED STATES, AUG 1 – Trump and Sheinbaum agreed to maintain existing tariffs including 25% on autos and 50% on metals while negotiating a long-term trade deal during a 90-day extension period.
- Amid the July 31, 2025, deadline, President Donald Trump announced the 25% tariff will extend for 90 days, delaying the 30% tariff set for Aug. 1.
- With the August 1 deadline arrived, countries with trade deficits face steeper import taxes starting Friday if they do not reach new deals.
- Detaling the paused tariffs, the extension maintains a 25% tariff on fentanyl and cars and a 50% tariff on steel, aluminum, and copper, while USMCA exemptions continue.
- Gabriela Siller warned that the tariff delay is positive but sectors facing import taxes will continue to suffer, emphasizing the importance of resolving the deal, she said.
- This coming week, trade analysts and business leaders brace for volatility as nations scramble to finalize frameworks to avoid higher tariffs that could upend economies, amid signals talks may extend beyond 90 days.
164 Articles
164 Articles
Trump Drops The Hammer On Canada, Pushes Mexico To Cut A Trade Deal In 90 Days
President Donald Trump signed an executive order late Thursday evening, raising the tariff on Canadian imports to 35% effective at midnight, while granting Mexico another 90 days to negotiate a trade deal with the United States.The actions come as the August 1 deadline arrived for countries with trade deficits with the United States to reach new trade agreements, but Trump said they won’t take effect until August 7 for most nations. In a Truth S…
Trump Drops The Hammer On Canada, Pushes Mexico To Cut A Trade Deal In 90 Days - Real News Now
President Donald Trump signed an executive order late Thursday night slapping a 35% tariff on Canadian imports, citing the country’s failure to crack down on drug trafficking and its recent support for Palestinian statehood. The tariffs take effect at midnight and mark a sharp escalation in Trump’s trade agenda as the August 1 deadline for updated trade agreements passed. Meanwhile, Mexico was granted a 90-day extension to finalize a deal, with …
Trump OKs 90 days of trade talks with Mexico
WASHINGTON — The United States will enter a 90-day negotiating period with Mexico over trade as 25% tariff rates stay in place, part of the rush of trade activity Thursday before President Donald Trump plans to impose a broad set…
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