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Trump extends Mexico's 25% tariffs for 90 days as talks continue

210d ago
Business
CNBC
Business meeting
President Donald Trump has announced a 90-day extension on the 25% tariffs currently imposed on Mexican goods. This decision comes as trade negotiations between the U.S. and Mexico continue. The initial threat of escalating tariffs aimed to pressure Mexico on immigration control. However, Trump has opted to maintain the existing tariff level for now, allowing more time for discussions and potential agreements. The extension suggests a willingness to pursue diplomatic solutions before implementing further economic measures.
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