Trump extends Mexico tariff deadline for 90 days

Thu, Jul 31, 2025, 12:07 PM 2 min read

President Donald Trump on Thursday announced a 90-day extension of his tariff deadline for Mexico to allow more time for negotiations on a longer-term trade agreement.

“We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper,” Trump wrote on Truth Social. “We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer.”

Trump also claimed that "Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many," though he did not specify which ones — and other foreign governments have disputed similar claims the president has made about recent agreements with their countries.

In a letter to Mexican President Claudia Sheinbaum sent earlier this month, Trump threatened to impose a 30 percent duty on Mexican imports beginning Aug. 1. His administration had already raised tariffs on Mexican goods to 25 percent earlier this year, but has exempted a significant portion of imports that are compliant with the terms of the U.S.-Mexico-Canada Agreement that Trump inked during his first term — some estimates put it at more than half of all Mexican goods entering the U.S. That deal is up for review in 2026.

The president wrote Thursday that he spoke to Sheinbaum earlier in the day, adding, "more and more, we are getting to know and understand each other.”

In her own post on X., Sheinbaum echoed Trump's warm words. “We had a very good call with the President of the United States, Donald Trump. We avoided the tariff increase announced for tomorrow and secured 90 days to build a long-term agreement through dialogue.”

Trump had previously insiste he would not extend his Aug. 1 deadline to raise tariffs on dozens of countries, sparking a flurry of dealmaking with major trading partners including the European Union, Japan and South Korea as they looked to stave off significantly higher duties. The preliminary agreements have all been verbal, with significant details still to work out.

Trump said in his social media post Thursday, however, that, "The complexities of a Deal with Mexico" make it "somewhat different than other Nations because of both the problems, and assets, of the Border."