Mexico and the U.S. have agreed to extend the deadline for planned tariffs on Mexican exports, announced Monday by Mexican President Claudia Sheinbaum, giving both sides extra time to tackle outstanding trade barriers.
In July, U.S. President Donald Trump threatened to raise tariffs on Mexican goods from 25% to 30% but granted a 90-day reprieve set to expire on November 1. During a weekend call, the leaders decided to push that deadline back by "a few more weeks" to address U.S. demands for Mexico to remove 54 non-tariff barriers, Sheinbaum announced.
"We're practically closing this issue," Sheinbaum said at her daily press conference. With both sides racing to finalize details, the extension aims to prevent sudden economic shocks for businesses and supply chains on both sides of the border.
Since taking office, President Trump has centered his trade policy on using tariffs as leverage, imposing duties on steel, aluminum and copper imports. For Mexico, a top export partner, even a small tariff hike could impact industries from automotive manufacturing to agriculture, and ripple through global markets.
For entrepreneurs and tech firms operating across North America, the extra time offers a window to adapt to new regulations and explore alternative supply routes. Meanwhile, thought leaders and travelers alike will be watching closely: a stable trade environment underpins everything from smartphone production to weekend trips across border cities.
As both governments huddle over the coming weeks, global observers see this temporary pause as a test case for future trade negotiations, where data-driven diplomacy blends with high-stakes economic policy on the world stage.
Reference(s):
cgtn.com
