Trump Gives Mexico 90-Day Reprieve From Higher Tariffs (3)

President Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, again relenting after threatening to raise levies on a major trading partner.

Earlier this month, the US president had signaled plans to hike tariffs on Mexico’s exports to 30% from 25% starting Friday, saying President Claudia Sheinbaum’s government hadn’t done enough to help secure their shared border. Many goods certified under a free-trade pact between the countries and Canada have remained exempt.

Trump announced the pause one day after posting on social media that his Aug. 1 deadline “WILL NOT BE ...