Tariffs on Mexico are paused for a month

Mexican flag 1280x720.jpg

Market Day Report

President Trump plans to implement 10 percent tariffs on all imports from China and 25 percent on Mexico and Canada. However, Mexico and the U.S. have reached a series of agreements.

Mexican President Claudia Sheinbaum posted on X that she had a “good conversation” with President Trump.

1. Mexico will immediately reinforce the northern border with 10,000 members of the National Guard to prevent drug trafficking from Mexico to the United States, particularly fentanyl.

2. The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico.

3. Our teams will begin working today on two fronts: security and trade. They are pausing tariffs for one month from now.

Related Stories
Input costs are top of mind for farmers, as they contribute to higher prices and smaller profits.
The President’s trip to Asia this week follows a trade mission by the Iowa Soybean Association. Farmers say they were reminded that U.S. soybeans have an international reputation that can be easy to take for granted here at home.
Jacob Wheeler and Dustin Connell of Team O’Reilly Auto Parts capped off an unforgettable week on the Alabama pro’s home waters with a dominant performance on Monday, cruising to a win at the Folds of Honor Patriot Cup Presented by B&W Trailer Hitches on Logan Martin Lake.
Harvest Marches on as River Logistics And Inputs Steer Bids
John Appel with the Farmers Business Network (FBN) joins us for a closer look at the 2026 Crop Protection Market Outlook Report.
Farmers display a unique optimism — planting with the expectation that weather, basis, and prices will improve by harvest — asserting that the profession is an identity, not just a job.

LATEST STORIES BY THIS AUTHOR:

With port fees now lifted, economists believe that could help ease tensions. However, American Farm Bureau Federation (AFBF) economist Faith Parum said trade deals with smaller Asian countries are helping stabilize the ag economy.
Ohio AgNet’s Dusty Sonnenberg takes us up in the cab with a popcorn farmer bringing in this year’s haul.
The DOJ’s new antitrust probe could reshape beef-packer behavior, with potential impacts on fed-cattle prices, processor margins, and long-term competition across the supply chain.
Congressman Blake Moore of Utah discusses the bill’s potential to promote both economic growth and healthier forests on this week’s Champions of Rural America.
Mike Newland with the Propane Education & Research Council shares how producers can prepare for winter weather and the benefits of propane.