Trump announces temporary suspension of raising tariffs on Mexico for 90 days, giving both sides time to reach a new trade agreement.

President Trump of the United States stated on Thursday that he will temporarily suspend the increase in tariffs on Mexican goods for the next 90 days, in order to give both the US and Mexico time to reach a new trade agreement. Recently, Trump had threatened to raise the uniform tariff rate on Mexican imports from 25% to 30% to combat so-called cross-border crime and drug trafficking. Mexico currently faces tariffs including a 25% tariff on cars and tariffs as high as 50% on metal goods such as steel, aluminum, and copper. However, after a "very successful" call with Mexican President Claudia Sheinbaum, Trump decided to postpone the plan to impose tariffs. He wrote on the social platform Truth Social, "Our understanding and trust with each other are deepening." Trump pointed out that negotiating a trade agreement with Mexico is more complex than with other countries because the "border issue is both a challenge and an asset." He wrote, "We have agreed to extend the current agreement by 90 days. That means during this period, Mexico will continue to pay 25% tariffs on fentanyl, 25% tariffs on cars, and 50% tariffs on steel, aluminum, and copper." Additionally, Trump also stated that Mexico has "agreed to immediately remove many of its non-tariff trade barriers," but he did not specify which barriers he was referring to. Trump emphasized, "Over the next 90 days, we will negotiate with Mexico with the goal of signing a trade agreement during this period, although it may require more time."