Trump gives Mexico 90-day tariff reprieve
US President Donald Trump gave Mexico a reprieve from a 90 -day higher tariffs to negotiate a wider trade agreement, but it was expected to give higher final task rates for many other countries because the time was injured on the date of the agreement on Friday.
The extension, which prevents a 30 percent tariff in most non-automotive and non-metal goods compatible with the US-Mexico-Canada Trade Agreement, came after a call between Trump and Mexican President Claudia Sheinbaum on Thursday morning.
“We have avoided the increase in the tariff described for tomorrow.”
According to the Ministry of Economy of Mexico, approximately 85 percent of Mexican exports comply with the rules of origin specified in USMCA and protect them from 25 percent of Fentanil.
Trump said that the US will continue to give 25 percent tariffs to the USMCA -related tariffs, which are subject to a 50 percent tariff for Mexican steel, aluminum and copper and Mexican cars and tariffs related to the US Fentanyl crisis.
“In addition, Mexico agreed to immediately terminate non -tariff trade barriers, many people.
Trump is expected to organize tariff rates on Thursday for countries that have not made trade agreements until the deadline.
“Other countries without an agreement or letter or without letters or without letters will receive news from this administration until midnight,” the White House Press Secretary Karoline Leavitt said to a news conference. He said.
He said that there may be some agreements before the deadline for application: “I know that foreign leaders have stolen their phone by realizing that this deadline is a real thing for them tomorrow and they bring offers to the table.”
On Wednesday, South Korea agreed to accept a tariff of 15 percent in exports to the United States, including a 25 percent threat to the United States, as part of the commitment to invest 350 billion dollars ($ 544 billion) in US projects to be elected by Trump.
However, after the goods from India fell on access to India’s agricultural sector, it seemed to have turned to a 25 percent tariff after a higher rate of threats, which were not specified for Russian oil purchases of India.
Although negotiations with India continued, the new Delhi promised to protect the country’s labor -intensive farm sector, triggered anger and collapse in the rupery.
Trump’s submission of a higher imported taxi on Friday will come with more evidence that they have started to increase consumer goods prices.
The trade department data published on Thursday showed that the prices of home furniture and durable home equipment increased by 1.3 percent in June, which was the biggest gain since March 2022 after increasing 0.6 percent in May. Recreational goods and vehicle prices have increased by 0.9 percent since February 2024 after changing in May. Clothing and shoe prices increased by 0.4 percent.
Trump increased his struggle with his friend and former President Jair Bolsonaro with his largest economy in America, while he hit Brazil with a 50 percent tariff on Wednesday, but he softened the coup by except for sectors such as airplane, energy and orange juice from heavier data.
The judges of the Federal Court of Appeals have shown Trump’s rise to the tariff deadline of Trump, as Trump has sharply questioned the use of a comprehensive emergency forces law to justify his comprehensive tariffs up to 50 percent in almost all trade partners.
Trump called on the 1977 international Emergency Economic Authorities Law, to declare an emergency on the growing US trade deficit and to impose the “mutual” tariffs and a separate fentanyl emergency.
