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Trump extends deadline for tariff deal with Mexico by another 90 days Trump imposes tariffs of 10% to 41% on dozens of countries, hours before deadline
(about 7 hours later)
Move fuels speculation US president may also announce pauses for dozens of countries facing punitive levies from Friday High levies affecting some of world’s poorest countries are to go into effect in seven days, while Mexico granted 90-day extension
Donald Trump has extended the deadline for a tariff deal with Mexico by another 90 days, fuelling speculation he could announce pauses for dozens of other countries that face punitive higher import duties from Friday. Trump announces sweeping new tariff rates – US politics live
As the countdown continues to his deadline for a trade deal – already extended by four weeks from the original 90 days – the US president said he had made the decision to offer more time to Mexico because of the complexities of the trading relationship. Trump signs order increasing tariffs on Canadian goods from 25% to 35%
US president Donald Trump has signed an executive order imposing reciprocal tariffs ranging from 10% to 41% on imports from dozens of countries and foreign locations, shortly after extending the deadline for a tariff deal with Mexico by another 90 days.
Rates were set at 25% for India’s US-bound exports, 20% for Taiwan and 30% for South Africa ahead of Trump’s self-imposed deadline to strike trade deals with countries around the world by Friday. Switzerland faces a rate of 39%.
Brazil’s tariff rate was set at 10%, but a previous order signed by Trump placed a 40% tariff on some Brazilian goods, to punish the country for prosecuting its former president, Jair Bolsonaro, for trying to overturn an election he lost and inspiring his supporters to storm the seat of government.
Separately, the White House announced that Canadian imports will face tariffs of 35%, not the current 25%. The order stated that Canada had “failed to cooperate” in curbing fentanyl flows into the US. Trump had threatened on Wednesday that Ottawa’s move to recognise a Palestinian state would make agreeing a trade deal “very hard”.
Some of the world’s poorest and most war-torn countries were hit with punitive rates, including Syria, which faces a levy of 41%; Laos and Myanmar with rates of 40%; Libya with a rate of 30%; Iraq with 35% and Sri Lanka with 20%. The small African country Lesotho received a modified tariff rate of 15% – it had been left reeling in April by the threat of a 50% rate, the highest of any US trading partner.
The rates on 68 countries and the 27-member European Union are set to go into effect in seven days, according to the order, and not the Friday deadline that the president initially set. The extension reflects the government’s need for more time to harmonize the tariff rates, according to a senior official who spoke to reporters on condition of anonymity.
Earlier, White House spokeswoman Karoline Leavitt said countries that have not received a prior letter on tariffs from Trump or negotiated a trade framework would be notified of their likely tariff rates, either in the form of a letter or Trump’s executive order.
Some of the countries listed had reached tariff-reducing deals, such as Pakistan, which faces levies of 19%, while others had no opportunity to negotiate with the Trump administration.
Nations not listed in the order will face a baseline 10% tariff, the administration said.
China faces a separate deadline for its higher tariffs of 12 August, with an extension to the truce agreed in principle but yet to be approved by the White House.
Taiwan’s President Lai Ching-te described the tariff for his country as “temporary” and said there was “the possibility of further reductions should an agreement be reached”. The government would “strive for a reasonable tariff rate”, he added in a Facebook post.
Thailand meanwhile welcomed its 19% levy as a “major success”. “It represents a win-win approach aimed at preserving Thailand’s export base and long-term economic stability,” government spokesman Jirayu Huangsab said in a statement.
The US president said he had made the decision to offer more time to Mexico because of the complexities of the trading relationship.
He wrote on social media: “We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer.”He wrote on social media: “We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer.”
The extension avoids a 30% tariff on most Mexican non-automotive and non-metal goods compliant with the US-Mexico-Canada Agreement on trade and came after a Thursday morning call between Trump and Mexican president Claudia Sheinbaum.
“We avoided the tariff increase announced for tomorrow,” Sheinbaum wrote in an X social media post, adding that the Trump call was “very good”. Mexico’s rate will now continue at 25% for another 90 days.
A little more than two weeks ago Trump threatened the EU and Mexico with tariffs of 30% on most exports to the US from 1 August, but last Sunday he concluded a deal with Brussels with a 15% baseline rate from 1 August.A little more than two weeks ago Trump threatened the EU and Mexico with tariffs of 30% on most exports to the US from 1 August, but last Sunday he concluded a deal with Brussels with a 15% baseline rate from 1 August.
Mexico’s rate will now continue at 25% for another 90 days. Writing on his Truth Social platform, Trump said: “I have just concluded a telephone conversation with the President of Mexico, Claudia Sheinbaum, which was very successful in that, more and more, we are getting to know and understand each other.
“The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border.
“We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper.”
He said Mexico had agreed to “immediately terminate its Non Tariff Trade Barriers, of which there were many” although he did not specify which.
Non-tariff barriers can range from complex paperwork to trading standards and food regulations.
The extension may fuel more mockery that “Trump always chickens out” of his own deadlines, but after strong-arming leading economies including the EU and Japan into punitive tariff deals his threatening strategy seems to be paying off.
However, Trump faced a crunch court test on Thursday as US businesses and state leaders were expected to urge a federal appeals court to invalidate many of his tariffs on the eve of his self-imposed 1 August deadline for deals.
When Trump announced what he called “liberation day” on 2 April, he said he would impose punitive “reciprocal” tariffs on trading partners across the world in retribution for what he described as years of looting, pillaging and scavenging of the US.
By 31 July just seven countries or economic blocs had reached formal agreements with the White House: the UK, Vietnam, Indonesia, Philippines, South Korea, Japan and the EU.
Dozens of other countries that have not signed a trade deal with the US are facing punitive tariffs from Friday including some of the world’s poorest such as Lesotho, Bangladesh and Nepal, and the world’s richest including Canada and Taiwan.
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China faces a separate deadline for its higher tariffs of 12 August, with an extension to the truce agreed in principle but yet to be approved by the White House. On Thursday, Trump said Mexico had agreed to “immediately terminate its Non Tariff Trade Barriers, of which there were many” although he did not specify which.
The US Treasury secretary, Scott Bessent, said on Thursday that a deal with Beijing was “close”, while Trump claimed last week that one with Australia was not far off. Non-tariff barriers can range from complex paperwork to trading standards and food regulations.
Cambodia and Thailand were also in reach of a deal, according to the commerce secretary, Howard Lutnick, earlier this week. The extension may fuel more mockery that “Trump always chickens out” of his own deadlines, but after strong-arming leading economies including the EU and Japan into punitive tariff deals his threatening strategy seems to be paying off.
Other large trading partners still in Trump’s crosshairs include Brazil, which has been threatened with a 50% tariff if it does not end what Trump contends is a “witch-hunt” agains its former president, Jair Bolsonaro; and Canada, which is facing a 35% tariff from Friday. A US official told reporters that more trade deals were yet to be announced. “We have some deals,” the official said. “And I don’t want to get ahead of the President of the United States in announcing those deals.”
Earlier this week the Canadian prime minister, Mark Carney, said it was possible a trade deal might not be concluded by 1 August, but on Thursday Trump linked its chances of a deal to its position on Palestine. When Trump announced what he called “liberation day” on 2 April, he said he would impose punitive “reciprocal” tariffs on trading partners across the world in retribution for what he described as years of looting, pillaging and scavenging of the US.
He took to his social media platform just after midnight Washington time to say a deal could be scuppered. By 31 July just eight countries or economic blocs had reached formal agreements with the White House: the UK, Vietnam, Indonesia, Philippines, South Korea, Japan, Pakistan and the EU.
“Wow! Canada has just announced that it is backing statehood for Palestine,” he said on Truth Social. “That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!” Australia’s trade minister, Don Farrell, said on Friday the White House had confirmed that no country had reciprocal tariffs lower than Australia, suggesting Trump had left the 10% baseline tariffs on Australian goods unchanged.
Australia last week eased restrictions on beef imports from the US, potentially smoothing trade talks with Trump, although prime minister Anthony Albanese said the decision had long been considered and was not related to any trade negotiations.
Cambodia and Thailand were also in reach of a deal, according to the commerce secretary, Howard Lutnick, earlier this week. However they both appeared on Thursday’s executive order with rates set at 19%. Cambodian prime minister Hun Manet described the rate in a Facebook post as “good news”.
With agencies