Overview

• Presidents Donald Trump and Claudia Sheinbaum agreed after a 40-minute phone call to defer a planned 30% levy on non-USMCA exports for three months.
• Existing tariffs of 25% on fentanyl and automobiles and 50% on steel, aluminum and copper remain unchanged during the extension.
• Mexico has committed to immediately dismantle numerous non-tariff trade barriers to address U.S. concerns over market access.
• The pause safeguards the USMCA framework and establishes a deadline for negotiating a long-term bilateral trade agreement.
• Surveys show that 68% of Mexicans support Sheinbaum’s diplomatic approach, framing the truce as a strategic win at home.