President Donald Trump said Thursday that there would be a 90-day negotiating period with Mexico after a call with that country’s leader, Claudia Sheinbaum, as the 25% tariff rates stay in place.
Mexico had faced the prospect of a 30% tariff from Trump set to start Friday, something the country now gets to stave off for the next three months. In an announcement on Truth Social, Trump said his phone conversation with Sheinbaum was “very successful in that, more and more, we are getting to know and understand each other.” He also said that autos would face 25% tariffs — but copper, aluminum and steel would still be taxed at 50%.
