President Trump said on Thursday that he is giving an additional 90 days for 90 days to attack Mexico for attacking a business deal, announcement of his administration a day before the announcement August 1 time limit To impose 30% tariff on imports from the nation.
Mr. Trump said earlier this month that 30% import duty The Mexican imports will begin on Friday, at the time that the country did not enough to prevent North America from turning into a “narco-trafficking playground”.
In his Thursday Social media postThe President said that he agreed to the 90-day expansion during a phone conversation with Mexico President Claudia Shinbam, which he described as “very successful”.
The President has moved to tariffs as a way to force trading partners to interact on deals that say they are more favorable to the US and reduce trade imbalance. From Mexico and many other countries to attack new trade deals, beyond August 1, the Trump administration has announced trade deals. Five asian countries, United kingdom And this European Union,
Mr. Trump wrote, “We will talk to Mexico in the next 90 days, which within a 90 -day period or with the target of signing a long -term business deal,” Mr. Trump wrote.
He said that the “precise similar deal” with Mexico would be extended during the time, which includes “25% fantanel tariffs, 25% tariffs on cars and 50% tariffs on steel, aluminum and copper.”
Many economists project projects that may be tariffs High consumer value Because import duties are paid by American importers, such as Walmart, who then pass shopkeepers at some or all costs. While the inflation so far in 2025 remains relatively silent, there are indications that some are pushing duties more in US prices.
For example, Federal Reserve’s favorite inflation measures – personal consumption expenses, or PCE – Stemed more in JuneMany items that are heavy imported have increased the clear price, furniture prices up to 1.3%in the last month, up to 1.9%tools, and computers up to 1.4%.
