Trump extends tariff agreement with Mexico by 90 days | Trump tariffs

Donald Trump has extended the deadline for a tariff deal with Mexico by 90 days, sparking speculation that he could announce dozens of other countries facing punitive higher import tariffs starting Friday.

As the countdown continues to the deadline of the trade agreement – already Extend four weeks From the first 90 days, the U.S. president said he decided to travel more time to Mexico due to the complexity of the transaction relationship.

He wrote on social media: “We will be with Mexico In the next 90 days, the goal is to sign a trade agreement within 90 days or more. ”

Trump a little bit two weeks ago Threat the EU and Mexico Most tariffs were exported to the United States from August 1, but last Sunday he reached an agreement with Brussels. 15% baseline rate from August 1.

Interest rates in Mexico will now continue at a rate of 25% for 90 days. Trump wrote on his Truth Social Platform: “I just had a phone conversation with Mexican President Claudia Sheinbaum, which is very successful in this regard, and more and more, we know each other and know each other.

“The complexity of transactions with Mexico is different from other countries due to border issues and assets.

“We have agreed to extend the exact same transaction as the last period of time for 90 days, that is, Mexico will continue to pay 25% fentanyl tariffs, 25% auto tariffs and 50% tariffs on steel, aluminum and copper.”

He said Mexico has agreed to “immediately terminate its non-tariff trade barriers, with many of them” although he did not specify which one.

Non-tariff barriers range from complex paperwork to transaction standards and food regulations.

Extensions may make mockery more mocking “Trump is always a chicken” In his own deadline, but after a strong leading economy, including the EU and Japan, his threat strategy appears to be paying off.

But Trump faces austerity court exams Thursday as U.S. business and state leaders are expected to Urges the Federal Court of Appeals to invalidate his many tariffs Before his self-implemented August 1 deadline.

On July 31, only seven countries or economic groups reached formal agreements: the United Kingdom, Vietnam, Indonesia, the Philippines, South Korea, Japan and the European Union.

Treasury Secretary Scott Bessent said Thursday that the deal with Beijing was “close” and Trump claimed last week that a deal with Australia was not far away.

According to Business Minister Howard Lutnick, Cambodia and Thailand have also reached a deal.

Starting Friday, dozens of other countries that have not signed trade agreements with the United States have faced punitive tariffs, including the world’s poorest tariffs such as Lesotho, Bangladesh and Nepal, as well as the world’s wealthiest, including Canada and Taiwan.

The deal with eight of Trump’s 60 countries said he would describe him as looting, plundering and removing years of punitive “reciprocity” tariffs from the United States, When he declared what he called “Liberation Day” April 2.

China faces separate deadline for higher tariffs on August 12 and extends Agree on the principle of truce But it has not been approved by the White House.

Other large trading partners still in the Trump crosshairs include Brazil, Threatened by 50% tariffs If it doesn’t end what Trump advocates is Jair Bolsonaro, former president of “witch hunting”; Canada, faces a 35% tariff tomorrow.

Canadian Prime Minister Mark Carney earlier this week Linking trading opportunities to Palestine’s position.

At midnight in Washington, he said on social media platforms that a deal could be divided.

“Wow! Canada just announced that this is support for Palestine,” he said in The Truth Society. “It will make it difficult for us to make a deal with them. Oh, Canada!!!”