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:

Patrick De Haan with GasBuddy joined us to discuss diesel price volatility and what farmers can expect as geopolitical tensions continue to impact energy markets.
Farm programs remain small but politically easier to expand.
Pat Hord with the National Pork Producers Council joined us to recap producer meetings in Washington and discuss key policy priorities including Prop 12 and agricultural labor.
As budget hearings continue on Capitol Hill, policymakers focus on long-term solutions to stabilize the fertilizer market to support U.S. farmers.
Rising global supplies may cap soybean price strength, while sorghum prices hinge heavily on China’s export demand.