Former President Donald Trump announced Thursday that the United States and Mexico reached an agreement to extend existing tariffs for 90 more days — a move that arrives just hours before a pause on worldwide reciprocal trade measures is set to expire.

Posting to Truth Social, Trump said he and Mexican President Claudia Sheinbaum agreed to “the exact same Deal” currently in place, preserving steep duties on key Mexican exports while buying time for a broader trade pact.

What the Extended Deal Covers

Under the extension, Mexico will continue to face:

• A 25% tariff on fentanyl

• A 25% tariff on cars

• A 50% tariff on steel, aluminum, and copper

“We will be talking to Mexico over the next 90 days with the goal of signing a trade deal somewhere within the 90-day period of time, or longer,” Trump wrote.

Part of a Global Tariff Chess Game

The Mexico extension follows a flurry of last-minute negotiations as the White House’s Aug. 1 deadline looms. Just one day earlier, Trump announced a 15% tariff agreement with South Korea, alongside previously struck deals with Indonesia, the European Union, the U.K., and Vietnam.

Trump first imposed reciprocal tariffs in an April 2 executive order, after earlier hitting Mexico with a 25% levy on imports. Days later, he declared a 90-day pause — initially set to end July 9 — allowing certain countries time to renegotiate terms, while leaving in place a separate 10% baseline tariff on imports from all nations.

The Countdown to a Broader Trade Pact

For now, Mexico’s industries face another three months of steep duties, while officials on both sides prepare for tense negotiations that could shape the next chapter of North American trade. With Trump signaling that talks could extend beyond the 90-day window, business leaders and trade analysts are bracing for volatility.