Against its own pronouncements, the US bought Mexico another 90 days on tariff discussion, pushing the showdown’s new deadline to October. President Donald Trump said the two sides will “continue the exact same deal” while they look for a longer-term accord.
The extension keeps three heavy levies in place: a 25% “fentanyl tariff,” 25% on cars, and 50% on steel, aluminium and copper. Mexico also pledged to scrap a list of non-tariff barriers “immediately,” according to Trump.
“We will be talking… with the goal of signing a trade deal… or longer,” he wrote after a call with Mexican President Claudia Sheinbaum.
Sponsored · Altamira Gold Corp.
Sheinbaum hailed the pause as a win. “We avoided the tariff increase announced for tomorrow,” she posted on X, adding that both sides now have “90 days to build a long-term deal.”
The about-face undercuts Trump’s ultimatum a day earlier that “THE AUGUST FIRST DEADLINE… WILL NOT BE EXTENDED”—a reminder that his red lines often fade when the clock strikes midnight.
Washington’s deadline postponement is starting to become a habit. Last week, US negotiators signalled they will roll a separate China tariff truce past its August 12 expiry, also in 90-day increments.
With similar extensions already granted to the EU and other partners, critics say the White House is enforcing deadlines only to waive them—leaving businesses to manage month-to-month uncertainty rather than a durable rulebook.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
