President Trump has postponed 25 percent tariffs on most goods from Mexico for a month.
The announcement comes after Howard Lutnick, his Commerce Secretary, said tariffs on both Mexico and Canada would likely be delayed, according to AP News. It also marks the second one-month postponement the President has announced since early February when it unveiled the import taxes.
Lutnik stated that the reciprocal tariffs will still be implemented on April 2nd.
Story via Christopher Rugaber with AP News
Related Stories
Industry leaders warn of losses to domestic production and jobs.
Additional 50 percent U.S. tariffs on Canadian goods are now in effect as Canada vows retaliation and ag groups urge trade negotiations to continue.
Changes in rail rates and expanded crush capacity could reshape soybean basis and marketing opportunities across producing regions.
NCBA CEO Colin Woodall argues that increased MCOOL regulations on beef products could expose U.S. agriculture to renewed trade retaliation.
NCBA says reopening the Douglas port could restore feeder cattle supplies while maintaining New World screwworm safeguards.
U.S. cattle on feed totaled 11.1 million head on August 1, up 2 percent from 2025, while July placements fell 11 percent to a record low.
