US tariffs on most Mexican goods are postponed, again
President Donald Trump has again postponed his plan to tariff all Mexican imports by 25%.
In a post on his social media platform, Truth Social, Trump said tariffs on goods from Mexico that fall under the US-Mexico-Canada Agreement, the free-trade deal between the three North American countries, are postponed until April 2. The vast majority of goods the US imports from Mexico fall under the trade pact.
This is the second time that Trump has postponed tariffs by a month. Mexican President Claudia Sheinbaum has successfully called his bluff both times. Tariffs on Canadian goods appear to still be on, though Commerce Secretary Howard Lutnick indicated that the president was considering pushing back this deadline for both nations.
The announcement comes after markets took a hit when the tariffs took effect on Monday, hitting tariff-sensitive sectors like the auto industry particularly hard. Investors seem to find little comfort in another one-month delay, with the S&P 500 still down 1.8% for the day.
