The deadline for a trade deal between the United States and Mexico will be extended for 90 days, President Donald Trump announced on social media.
“The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border,” Trump wrote on social media.
Trump said the extension will still leave in place a 25% tariff against fentanyl; a 25% tariff on cars; and a 50% tariff on steel, aluminum and copper that the president has imposed over the last several months.
Trump said Mexico agreed to terminate its non-tariff trade barriers “immediately” while a deal is organized in the next 90 days.
“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,” Trump wrote.
Trump said the United States will continue to monitor security, drug distribution and immigration at the southern border.
