In a fresh development amid the debatable tariff row, US President Donald Trump announced on Thursday that he was pausing sweeping tariffs on Mexican imports after holding talks with Mexican President Claudia Sheinbaum.
“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement,” Trump posted on Truth Social.
He said fresh tariffs would not apply to trade falling under a pact between the United States and Mexico for now, adding, "This Agreement is until April 2nd."
This came after US Commerce Secretary Howard Lutnick also said in a television interview that Trump would “likely” suspend 25 percent tariffs on Canada and Mexico for most products and services for a month, broadening an exemption that was granted on Wednesday only to autos.
In an interview on CNBC, Lutnick said the one-month delay in the import taxes “will likely cover all USMCA-compliant goods and services,” referring to the trade agreement Trump negotiated in his last term that replaced NAFTA.
