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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%.

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

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  • 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
24 hours 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
24 hours 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
24 hours 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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