U.S. President Donald Trump announced in a post on his Truth Social social media platform that he has agreed to delay 25 percent tariffs on Mexican goods for another month.
The move comes just two days after the Trump administration implemented 25 percent tariffs on Mexico and Canada, along with an additional 10 percent tariff on China on 4 March. Those tariffs were themselves implemented after a one-month delay from the original order in early February.
Trump said he suspended the tariffs after a conversation with Mexican President Claudia Sheinbaum.
“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay tariffs on anything that falls under the USMCA Agreement,” Trump wrote. “This agreement is until 2 April. I did this as an accommodation and out of respect for President Sheinbaum.”
That move would cover a huge swath of products from Mexico covered by the USMCA agreement – which Trump negotiated to replace the existing North American Free Trade Agreement in 2018.
On 4 March, Sheinbaum said Mexico planned to retaliate to Trump’s tariffs and announced an address to the country on 9 March that would cover the topic. She has not given any further update on Mexico’s plans.
While Trump paused tariffs on Mexico, he did not ...
