In a recent development, former U.S. President Donald Trump has agreed to delay the imposition of a 25% tariff on Mexican imports, a move that follows talks with Mexican President Claudia Sheinbaum. The tariff, initially set to go into effect in early March, will now be suspended until April 2, 2025, while the commercial situation is reassessed.
Trump shared the news in a post on Truth Social on March 6, 2025, stating, “After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd.” He further praised the cooperation between both countries on issues such as border security and the fight against illegal drugs, particularly fentanyl.
In her response, Sheinbaum expressed gratitude for the “excellent and respectful” conversation, highlighting the progress made in cooperation between the two nations. She emphasized that the suspension applies to all products within the USMCA framework and assured that discussions would continue, especially on border and security issues.
This suspension comes after a dramatic announcement from Trump on March 3, 2025, when he declared plans to impose tariffs on both Mexican and Canadian goods, citing concerns over illegal immigration and drug trafficking. The move was met with backlash from Canada, with Prime Minister Justin Trudeau threatening reciprocal tariffs, and from China, which warned of a broader trade war.
In contrast to Canada and China, Sheinbaum adopted a more measured approach, choosing to delay retaliatory measures while seeking a diplomatic resolution. The Mexican president called for calm and unity, urging Mexicans to gather for a meeting on March 9, 2025, to discuss the next steps.
While the tariff suspension offers temporary relief, the outcome after April 2 remains uncertain. Sheinbaum explained that if Trump’s proposed reciprocal tariffs take effect, Mexico will likely continue to avoid imposing tariffs on U.S. goods, benefiting from the free trade arrangement set by the USMCA.
As the deadline approaches, both countries will continue to evaluate their trade relationship, with April 2, 2025, serving as a pivotal moment for determining future tariffs and economic strategies.
References:
- Truth Social (March 6, 2025)
- Press statements from Mexican President Claudia Sheinbaum
President of Mexico Claudia Sheinbaum by EPA via FMT CC BY 4.0
