Overview

• President Trump confirmed that 25% duties on fentanyl-related products and automobiles and 50% tariffs on steel, aluminum and copper will remain in effect for the next 90 days.
• Mexico has agreed to immediately end a range of non-tariff trade barriers, though officials have not detailed which measures will be lifted.
• Both governments will step up cooperation on border security, with an emphasis on combating drug trafficking and illegal immigration.
• Negotiators from Washington and Mexico City will use the extension period to work toward signing a broad bilateral trade agreement either within or beyond the 90-day window.
• The agreement defers Trump’s earlier threat to raise Mexican import tariffs to 30%, underscoring his use of protectionist measures as leverage in negotiations.