The US has announced that it will not increase the tariffs it will impose on Mexico in southern Mexico after a call with the country’s president, Claudia Sheinbaum.
Her counterpart, President Donald Trump, broke news about his true social platform on Thursday, promoting the decision as a diplomatic breakthrough.
“I concluded my phone conversation with Mexican President Claudia Sheinbaum.
“The complexity of the transaction with Mexico is somewhat different from other countries due to both border issues and assets.”
He explained that he and Sinbaum agreed to maintain our duties at the current 90-day fee.
Mexico was a day away from seeing tariff increases on August 1st. Earlier this month, Trump was threatening a true society by raising tariffs on Mexican imports to 30%.
The threat was part of a series of separate tariff announcements published online in the form of letters to US trading partners. One country in Brazil was slapped at 50% tariff.
In his letter to Mexico, Trump accused the criminal cartel of allowing the synthetic opioid fentanyl to travel to the United States and “poured these drugs into our country.”
“Mexico has helped secure the border, but what Mexico has done isn’t enough,” Trump wrote at the time.
“Mexico has yet to stop the cartel trying to turn everything in North America into a Nalco trafficking playground. Obviously, I can’t make it happen!”
The 30% tariffs that were threatened were the same rates originally allocated to the European Union, negotiating a deal with Trump over the past week to lower the proposed tariff rate.
As a result of Thursday’s announcement, the US will continue to impose 25% tariffs on cars made in Mexico and 50% on steel, aluminum and copper products.
It also has a 25% tax that Trump called the “fentanyl tariff” on Mexican imports that are not covered by the US Mexico Canada Agreement (USMCA), a Mexican import that is not an existing free trade agreement.
“In addition, Mexico has agreed to immediately terminate the non-tariff trade barrier.
“We will speak with Mexico over the next 90 days with the goal of signing a trade agreement within 90 days.”
Sheinbaum himself posted the message, although briefly summarizing their appeal and highlighting the continued consultation between the two governments.
“We had a very good call with President Donald Trump,” Simbaum wrote. “We have set aside 90 days to avoid the increase in tariffs announced tomorrow and to build a long-term agreement through dialogue.”
Trump had introduced an August 1 deadline for tariff hikes, but he announced a series of deals with countries, including South Korea, Japan and Indonesia.
These transactions do not completely avoid customs duties, but have lowered import taxes than the fees originally announced.
Trump has sought to use tariffs to encourage domestic manufacturing and reduce those that take into account unwanted deficits with US trading partners.
He also used them to advance domestic policy priorities, including pressure on neighboring countries like Mexico to strengthen border enforcement.
However, experts warn that tariffs on goods imported into the US could raise consumer prices. Trump’s start-and-stop approach to tariffs – simply announcing them and delaying them has spurred fears of economic instability.
Initially, Trump announced individual “mutual” tariffs on foreign trading partners in April. These tariffs have been delayed, and the latest iteration was announced this month.
But Trump has sidelined concerns by saying his tariff campaign would bring billions of US taxes.
“I always say “customers” is the most beautiful word for me in the dictionary,” Trump ranked in January as one of his favorites behind terms like “love” and “religion.”
“Taxes will make us rich like hell,” he added.
