Editor’s note: This story is developing and will be updated.
The U.S. will pause tariffs on imports from Mexico that adhere to the United States-Mexico-Canada Agreement, President Donald Trump announced Thursday morning.
The pause will last until April 2, the date the Trump administration has repeatedly said it will enact reciprocal tariffs on all trading partners.
Trump opted to delay the import taxes for the U.S.’ southern neighbor after speaking with Mexico President Claudia Sheinbaum earlier Thursday. He said he made the decision “out of respect for” Sheinbaum while praising her cooperation in addressing fentanyl trafficking.
“We'll continue to work together, particularly in topics of migrations and safety that include reducing illegal crossing of fentanyl to the United States as well as weapons to Mexico,” Sheinbaum said in Spanish in a post on X.
The pause comes two days after Trump’s ordered 25% tariffs on imports from Mexico and Canada went into effect. It also follows a delay on tariffs for cars imported under USMCA announced Wednesday.
Tariffs on non-auto imports from Canada are still active after Trump and Prime Minister Justin Trudeau were unable to reach an agreement yesterday. However, Commerce Secretary Howard Lutnick told CNBC that the White House plans to delay all tariffs for USMCA-compliant goods.
“This month, my expectation is the president will come to the agreement today and hopefully we will announce this today that USMCA compliant goods will not have a tariff for the next month until April 2,” Lutnick said on CNBC’s “Squawk on the Street.”
