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Why did Trump extend Mexico's tariffs?

Asked 8 days ago

Answer

Trump extended Mexico's tariffs for 90 days to maintain stability in markets and allow time for negotiations on border security and fentanyl. The extension keeps the 25% tariff on Mexican exports, with exemptions for USMCA-compliant goods, and avoids an immediate increase to 30%.

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CNBC

President Trump extends Mexico's 25% tariffs for 90 days

CNBC ยท 8 days ago
CNBC
CNBC
8 days ago
  • President Trump and Mexican President Scheinbaum agreed to extend current trade terms for 90 days. 12s
  • Mexico will continue to pay a 25% tariff on exports to the US, with exemptions for USMCA-compliant goods. 20s
  • Sectoral tariffs remain at 25% for cars and 50% for metals such as steel, aluminum, and copper. 32s
  • The extension aims to provide stability for markets and businesses as negotiations continue. 45s
  • Similar trade negotiations are ongoing with other countries, including Canada, Thailand, and Cambodia. 1m 23s
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President Trump extends Mexico's 25% tariffs for 90 days
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CNBC
8 days ago
President Trump extends Mexico's 25% tariffs for 90 days

Mexico will continue to pay a 25% tariff on its exports to the U.S. due to fentanyl, with exemptions for USMCA-compliant goods.

President Trump extends Mexico's 25% tariffs for 90 days
Icon
CNBC
8 days ago
President Trump extends Mexico's 25% tariffs for 90 days

The extension is a sign for stability in markets and businesses as both sides negotiate on border security and fentanyl.

President Trump extends Mexico's 25% tariffs for 90 days
Icon
CNBC
8 days ago
President Trump extends Mexico's 25% tariffs for 90 days

Mexico's President describes the extension as keeping things steady and giving 90 days to achieve a longer-term agreement.

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