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Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place

Live updates: Trumps trade deadline ticks down to zero, sending tariffs soaring

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Sean Stein

"I wouldn't think that we would have supply chain shocks."

"There's unlikely to be a food shortage."

"We don't have shortages right now, nor should we expect any in these areas [agricultural products]."

"That [the decreasing flow of container ships from China to the US] will lead to empty shelves in stores."

"Shortages [of essential goods] will materialize quickly and could lead to civil unrest."

"Empty shelves coming to you soon."

"The consequence [of Trump's trade policies] will be empty shelves in US stores in a few weeks and Covid-like shortages."

Torsten Slok

"Like back during Covid where we had shortages of toilet paper, we are going to start seeing that in more and more goods."

"Well, maybe the children will have two dolls instead of 30 dolls."

Will Grocery Stores in the US Experience Empty Shelves/Item Shortage Under Trump 2.0?

U.S. President Donald Trump announced Thursday that he and Mexican President Claudia Sheinbaum agreed to a 90-day extension of their current trade arrangement, preserving a 25% tariff on Mexican cars and fentanyl-related goods, plus 50% tariffs on steel, aluminum and copper imports from Mexico.

NBC News

U.S. President Donald Trump announced Thursday that he and Mexican President Claudia Sheinbaum agreed to a 90-day extension of their current trade arrangement, preserving a 25% tariff on Mexican cars and fentanyl-related goods, plus 50% tariffs on steel, aluminum and copper imports from Mexico.

The agreement, announced after a phone call between Trump and Sheinbaum, during which Trump said they got "to know and understand each other better," came one day before Trump's Aug. 1 higher tariff deadline, avoiding a threatened increase to 30% on most Mexican goods.

theguardian.com

FOX News

Donald Trump on Truth Social

The agreement, announced after a phone call between Trump and Sheinbaum, during which Trump said they got "to know and understand each other better," came one day before Trump's Aug. 1 higher tariff deadline, avoiding a threatened increase to 30% on most Mexican goods.

Mexico has committed to immediately terminating its non-tariff trade barriers, though Trump did not specify which particular barriers would be eliminated. The two countries will also continue cooperation on border security issues and illegal immigration into the U.S..

The Wall Street Journal

Mexico has committed to immediately terminating its non-tariff trade barriers, though Trump did not specify which particular barriers would be eliminated. The two countries will also continue cooperation on border security issues and illegal immigration into the U.S..

Following the announcement, the Dow Jones stock index fell 0.1%, the S&amp;P 500 gained 0.4% and the Nasdaq rose 0.8% at midday trading. The Mexican peso strengthened 0.5% against the dollar following the news, some form of which many investors had already expected.

Following the announcement, the Dow Jones stock index fell 0.1%, the S&P 500 gained 0.4% and the Nasdaq rose 0.8% at midday trading. The Mexican peso strengthened 0.5% against the dollar following the news, some form of which many investors had already expected.

Trump has reached trade agreements with eight of the roughly 60 countries he threatened with punitive reciprocal tariffs in April, including a deal with 10% tariffs on goods from the U.K. and the EU, one with Japan at 15%, and the latest being South Korea at 15%.

BBC News

New York Post

Trump has reached trade agreements with eight of the roughly 60 countries he threatened with punitive reciprocal tariffs in April, including a deal with 10% tariffs on goods from the U.K. and the EU, one with Japan at 15%, and the latest being South Korea at 15%.

Trump's tariff negotiations, which a Wall Street Journal poll found 40% of Americans approve of, have included various exemptions, with Trump waiving duties on products covered by North America's free trade agreement and exempting items like oil, gas, and Brazilian orange juice.

Trump's tariff negotiations, which a Wall Street Journal poll found 40% of Americans approve of, have included various exemptions, with Trump waiving duties on products covered by North America's free trade agreement and exempting items like oil, gas, and Brazilian orange juice.

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Trump stated the phone conversation with Sheinbaum was very successful and that they are getting to know and understand each other better, citing the complexities of dealing with Mexico due to border issues. The agreement came one day before Trump's August 1 deadline for higher tariffs was set to take effect, avoiding a threatened increase to 30% on most Mexican goods.</span

The Wall Street Journal #

FOX News #

Trump stated the phone conversation with Sheinbaum was very successful and that they are getting to know and understand each other better, citing the complexities of dealing with Mexico due to border issues. The agreement came one day before Trump's August 1 deadline for higher tariffs was set to take effect, avoiding a threatened increase to 30% on most Mexican goods.

Under the extended agreement, Mexico committed to immediately terminate its non-tariff trade barriers, though Trump did not specify which particular barriers would be eliminated. The two countries will continue cooperation on border security issues including drugs, drug distribution and illegal immigration into the United States during the negotiating period.</span

theguardian.com #

Breitbart #

Under the extended agreement, Mexico committed to immediately terminate its non-tariff trade barriers, though Trump did not specify which particular barriers would be eliminated. The two countries will continue cooperation on border security issues including drugs, drug distribution and illegal immigration into the United States during the negotiating period.

US stock markets showed mixed reactions to the tariff extension announcement, with the Dow down 0.1% while the S&P 500 gained 0.4% and Nasdaq rose 0.8% at midday trading. The Mexican peso strengthened 0.5% against the dollar following the news, though many investors had already expected Trump to moderate some of his tariff threats.</span

CNN #

US stock markets showed mixed reactions to the tariff extension announcement, with the Dow down 0.1% while the S&P 500 gained 0.4% and Nasdaq rose 0.8% at midday trading. The Mexican peso strengthened 0.5% against the dollar following the news, though many investors had already expected Trump to moderate some of his tariff threats.

Trump has reached trade agreements with only eight of approximately 60 countries he threatened with punitive reciprocal tariffs in April, including deals with the UK at 10%, the EU and Japan at 15%, and various rates for other nations. Dozens of countries including Canada, Brazil, Bangladesh and Taiwan still face potential higher tariffs starting August 1 without agreements.</span

BBC News #

Trump has reached trade agreements with only eight of approximately 60 countries he threatened with punitive reciprocal tariffs in April, including deals with the UK at 10%, the EU and Japan at 15%, and various rates for other nations. Dozens of countries including Canada, Brazil, Bangladesh and Taiwan still face potential higher tariffs starting August 1 without agreements.

The tariff negotiations have included various exemptions and concessions, with Trump waiving duties on products covered by North America's free trade agreement and exempting items like oil, gas, and Brazilian orange juice. Only 40% of Americans surveyed by the Wall Street Journal approved of Trump's tariff plans, with even half of Trump voters expressing doubts about benefits to American firms.</span

The tariff negotiations have included various exemptions and concessions, with Trump waiving duties on products covered by North America's free trade agreement and exempting items like oil, gas, and Brazilian orange juice. Only 40% of Americans surveyed by the Wall Street Journal approved of Trump's tariff plans, with even half of Trump voters expressing doubts about benefits to American firms.

The constant tariff threats and last-minute extensions create unnecessary economic uncertainty that hurts both American consumers and global trade relationships. Stock markets barely reacted because investors expect these dramatic announcements to be watered down, revealing the policy's lack of credibility and effectiveness.

The constant tariff threats and last-minute extensions create unnecessary economic uncertainty that hurts both American consumers and global trade relationships. Stock markets barely reacted because investors expect these dramatic announcements to be watered down, revealing the policy's lack of credibility and effectiveness.

Trump Extends Mexico Tariff Deal 90 Days, Avoids Higher Rates

Economic conditions & trends

Politics

United States of America

Mexico

Trump's tariffs have worked globally, securing massive EU and Japan deals, boosting U.S. farmers, and creating jobs. If Mexico tariffs rise, they'll protect American agriculture, not crash markets as fake news claims. Tomato prices may tick up slightly, but supporting local farmers strengthens food security, thus making the American economy stronger.

Trump's tariffs have worked globally, securing massive EU and Japan deals, boosting U.S. farmers, and creating jobs. If Mexico tariffs rise, they'll protect American agriculture, not crash markets as fake news claims. Tomato prices may tick up slightly, but supporting local farmers strengthens food security, thus making the American economy stronger.

Trump Extends Mexico Tariff Deal 90 Days, Avoids Higher Rates

Trump Extends Mexico Tariff Deal 90 Days, Avoids Higher Rates

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Trump Extends Mexico Tariff Deal 90 Days, Avoids Higher Rates

Trump Extends Mexico Tariff Deal 90 Days, Avoids Higher Rates

The Spin

The Controversies

Bessent

Fuller

Handfield

Ryan

Associations

Hakimian

Stein

Trump

Articles on this story

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