President Trump gives Mexico a 90-day extension on August 1st tariff deadline

mexico-waving-flag-SBI-350162034.jpg

Photo via StoryBlocks

President Trump says Mexico will get a 90-day extension on tomorrow’s tariff deadline.

In a post to Truth Social just moments ago, Trump says he spoke with Mexican President Claudia Sheinbaum. He says the conversations went well and notes the situation with Mexico is different from other countries.

He has agreed to extend the tariff deadline for 90 days. Mexico will continue to pay an across-the-board 25 percent due to continuing concerns regarding the fentanyl crisis, 25 percent on cars, and 50 percent on steel, aluminum, and copper.

LATEST STORIES BY THIS AUTHOR:

Lewis Williamson, from HTS Commodities, joined us to share insights on the farm economy from producers in the field.
Key signs of the U.S. beef herd’s recovery are improved pasture conditions, lower feed costs, and increased regulatory alignment and support for producers to implement targeted grazing practices.
Dr. Mark Svoboda with the National Drought Mitigation Center discusses a new global drought report and resources to help operations increase drought resilience.
Treat financial stress as a health risk—know the warning signs, normalize conversations, and connect farm families to local and national support early.
Congress has just over a month of working days left for the year. Plan for uneven USDA service until funding is restored, and closely monitor Farm Bill talks, as avoiding Permanent Law before January 1 is the single biggest risk to markets and milk prices.
Mexico’s tougher, two-step treatment and added checkpoints are catching cases before they can spread—good news for producers near the border.