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President Trump Extends Trade Talks with Mexico 90 Days
President Trump this morning, July 31, after a phone call with Mexico President Claudia Sheinbaum announced that trade talks between the U.S. and Mexico will be extended for 90 days, past the original Aug. 1 deadline for a 30% tariff to take effect.
“[W]e are getting to know and understand each other. The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border. We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper. Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many. 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,” President Trump wrote in his Truth Social post.
The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg will monitor these ongoing trade deal discussions between the U.S. and Mexico, as well as track pertinent Customs and Border Protection (CBP) guidance, and present this information to our members as received.
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NCBFAA will continue to keep our members updated about the U.S. tariffs through the Monday Morning eBriefing and eblasts, and a dedicated IEEPA Tariffs webpage on our website.
Attention: The Monday Morning eBriefing (MMeB) and other communications of the NCBFAA are the exclusive property of the Association. Unauthorized use by any person or firm which is not a member in good standing is strictly prohibited.
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