Why did Trump extend Mexico's tariffs?
Asked 21 hours 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%.
Now Playing
- 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