While Canada’s combative response to U.S. President Donald Trump’s trade tariff policies has stirred tensions, Mexico’s more measured and collaborative approach appears to be paying off.
On Monday, Mexican President Claudia Sheinbaum announced that the 90-day moratorium on the 30 percent tariff on all goods from Mexico, agreed at the end of July, will be extended “for a few more weeks.” Sheinbaum explained that this new extension was agreed after a “very brief conversation” with her U.S. counterpart last weekend. The discussion focused on the 54 non-tariff barriers that, according to Trump, harm the U.S. economy, she said.
Only Mexican imports not in compliance with the U.S.-Canada-Mexico (USCMA) free trade agreement are subject to the 30-percent levy. However, Mexican officials assert that nearly 90 percent of the country’s exports to the U.S. now comply with the agreement and are exempt from any tariffs.
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