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:

A recent news story involving a group of farmers in Mississippi reveals the potential downside of selling grain under a deferred payment contract. The risk of deferred payment ag commodity sales and what can be done for protection—that is the topic of today’s blog post.
Recently, a bank in Texas got confused on the financing rules governing agricultural crops and lost its security interest as a result. Ag financing and priority rules among competing security interests—that is the topic of today’s post.
The classification of persons conducting farming operations for a farm landowner—that is the topic of today’s blog post by RFD-TV farm-legal expert Roger A. McEowen.
Farm-legal expert Roger A. McEowen discusses avoiding contractual obligations in times of pandemic.
Is a handshake as good as your word? That is the topic of today’s blog post by RFD-TV farm legal expert Roger A. McEowen — the ability to enforce oral contracts for the sale of goods.