US and Mexico agree to 90-day extension ahead of tariff deadline, Trump says
3 Trump announced an extension to Mexico's current tariffs Thursday.
AP
Mexico will continue to pay a 25% tariff on all goods as punishment for fentanyl crossing its border, a 25% tariff on cars and a 50% rate on aluminum, copper and steel.
The announcement came after his phone call with Mexican President Claudia Sheinbaum, and the two will continue to negotiate over the next 90 days, he wrote on Truth Social.
3 The announcement came after Trump's call with Mexico's President Claudia Sheinbaum.
Getty Images
'The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border,' Trump wrote.
'Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many.'
3 The extension will save Mexico from it's current August 1st deadline.
AFP via Getty Images
Canada has yet to strike a deal with the U.S. and Trump has indicated the country will likely have to pay the high 35% tariff on all goods crossing the US border starting Friday.
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