Trump maintains current 25% tariffs to Mexico and gives 90 more days to negotiate an agreement

The president of the United States, Donald Trump, granted a new 90 -day extension to Mexico on Thursday, and warned that during that time the current tariffs of 25% are in force to the products that are not subject to the Free Trade Agreement, TMEC. The announcement made, as usual, in Truth, his social network, with a long message posted just over 12 hours before the dreaded August 1 arrives, the day in which the unilateral taxes are expected to enter into force to the imports imposed by the president of the United States to dozens of countries that have not reached a pact with Washington at this time.

Trump wrote that message after maintaining a telephone conversation with the president of Mexico, Claudia Sheinbaum, who defined as “very fruitful,” because, he added, both are known and understood “better.” “The complexities of an agreement with Mexico are somewhat different from those of other countries due to the problems and advantages of the border,” argued the Republican president. “We have agreed to extend, for 90 days, exactly the same agreement we had during the short previous period: Mexico will continue to pay a 25% tariff to fentanyl, a 25% tariff to cars and a 50% tariff to steel, aluminum and copper.”

“In addition, Mexico agreed to eliminate immediately,” continues Trump’s message on Thursday, “his numerous non -tariff commercial barriers. We will talk to Mexico for the next 90 days with the aim of signing a commercial agreement within that period, or even more.” He did not give more details about what barriers it refers to.

Sheinbaum replied with a post on his social networks a few minutes after Trump made the ad. He celebrated that the telephone link with the Republican would have been very favorable for Mexico. “We avoid the increase in tariffs announced tomorrow and achieve 90 days to build a long -term agreement from dialogue,” he said.

By then it was already clear that Mexico had dodged, by minimum, a new tariff of unpredictable consequences for its economy. The 25% tariff on Mexican exports outside the TMEC is somewhat less than 30% with which Trump had threatened by a letter sent in early July to Sheinbaum.

There is a considerable amount of products that follow, with everything, covered by the Mexican-United States-Canadá Treaty, signed in 2020, when Trump was president. That pact, which strengthened a free trade zone in North America, is planned to be reviewed next year, although from the return of the Republican to the White House, it has been subject to enormous pressure for its tariff swives and for the threats to two of its main commercial partners, residents of the north and south. With them, Trump uses the pretext that they are not doing enough to control fentanyl traffic, a powerful opioid that has caused an unprecedented public health crisis in the United States.

Main partner

Despite Trump’s tariff wall, Mexico continues to be the main commercial partner of the United States, with shipments during the first five months of the year for more than 219,000 million dollars, a 6% rise compared to the same period of 2024. The Mexican economy, so far, has resisted Trump’s protectionist gale. During the second quarter of this year, Mexico’s GDP grew 0.7%, an increase driven by industrial activities and services.

In the Trump tariff crusade, Mexico and Canada were, together with China, the first countries to receive threats of new rates, with the excuse of stopping international fentanyl traffic. These went and came, until they were set at 25% for the residents of the north and the south, and 20% for Beijing. Afterwards, Trump announced on April 2 taxes of up to 50% to dozens of its commercial partners, which then reduced to 10% universal, while giving a period of 90 days to negotiate. In that reverse they influenced the batacazo of the bags and that instability threatened to spread the US public debt.

That truce made him win an alias that is especially irritating: taco, acronym in English of the expression “Trump is always cowed”. A few days before the end of that period arrived, another new announced: August 1. Until now, the United States has managed to close eight individual pacts with a series countries, in addition to a truce, also postponed, with China. On the list are the United Kingdom, Vietnam, Indonesia, Japan, Philippines, the European Union and South Korea and Pakistan, two agreements, the latter, announced this Wednesday.

Keep in mind that all of them are actually principles of agreement, and that many details are missing to land. However, we must recognize that Trump has managed to change the rules of the world economy in six months, generating previous tariff income for the United States. It remains to be seen if these tax taxes do not have an unwanted effect on inflation, when companies begin to impact price increases in consumers. Also, if that does not end up being the perfect breeding ground for a recession.

In the interview between Trump and Sheinbaum, the main members of the Republican Cabinet were present: Vice President JD Vance, Treasury Secretary Scott Besent, Secretary of State Frame Miller

Besent, Lutnick and Greer have brought the singing voice in commercial negotiations with dozens of countries, who continue against the clock at the remaining hours before the last term given by Trump expires. Miller is the Washington Xenophobic politics architect with immigrants.

Sheinbaum was accompanied by its Secretary of Foreign Affairs, Juan Ramón de la Fuente, by the Secretary of Economy, Marcelo Ebrard, and by Roberto Velasco, Undersecretary for North America.