Trump agrees to keep US tariffs on Mexico steady for 90-day period
Summary
The United States will not increase tariffs on Mexico after President Trump and Mexico's President Claudia Sheinbaum agreed to keep the current rates for 90 days. The decision was announced after talks between the two leaders to resolve trade issues.Key Facts
- The US decided not to raise tariffs on Mexican goods for the next 90 days.
- President Trump announced this decision on his Truth Social platform.
- The current tariffs include a 25% tax on Mexican cars and 50% on steel, aluminum, and copper.
- Trump had previously threatened to raise tariffs on Mexican imports to 30%.
- Mexico was blamed for not stopping the flow of the drug fentanyl and criminal cartels.
- Mexico agreed to end its non-tariff trade barriers as part of the agreement.
- Both countries aim to discuss a long-term trade deal during the 90-day period.
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