March 6, 2025 – US President Donald Trump temporarily suspended tariffs on Mexican imports after successful talks with Mexican President Mrs. Claudia Shienbaum. This decision is effective until April 2, 2025, bringing peace to both domestic industries and people. Find out the details, impact and future of this decision here.
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Trump suspends Mexican tariffs: Show of courtesy
On Thursday, Trump declared on "Truth Social" – "My relationship with President Mrs. Shienbaum is good, so tariffs on goods under the USMCA have been revoked for Mexico. This is a decision until April 2. I made this out of respect for Mrs."
This decision is to strengthen US-Mexico cooperation (on border security, fentanyl crisis, etc.). Mr. Trump said: "Joint efforts are underway to contain the flow of illegal immigrants and fentanyl. I want to express my gratitude to Mrs. Shienbaum."
What is the extent of tariff suspension?
Repealed tariffs on goods (agriculture, manufactured goods, etc.) under the USMCA agreement. US Commerce Secretary Howard Latnick indicated in a CNBC interview – "The 25% tariffs on Mexican and Canadian imports will be suspended."
Mr Latnick said: "Most imports will be exempt from tariffs." 50% of Mexican and Canadian imports will receive this benefit. Last week, Trump's tariffs created economic instability.
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Significance of tariff suspension
Trump’s decision came after criticism. Economic experts warned – "Tariffs of 25% will lead to inflation and supply chain breakdown." With the suspension of tariffs, Mr. Trump has balanced a tough trade policy with diplomacy.
What after April 2nd?
The fee suspension is temporary. What will happen after April 2nd? Will tariff exemptions increase as border security progresses? Time for negotiations. The business community is striving to adapt.
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