Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place
Trump, posting on his Truth Social platform, said a phone conversation he had with Mexican leader Claudia Sheinbaum was 'very successful in that, more and more, we are getting to know and understand each other.'
The Republican president said that goods from Mexico imported into the U.S. would continue to face a 25% tariff that he has ostensibly linked to fentanyl trafficking. He said that autos would face a 25% tariff, while copper, aluminum and steel would be taxed at 50%.
He said that Mexico would end its 'Non Tariff Trade Barriers,' but he didn't provide specifics.
Trump had threatened tariffs of 30% on goods from Mexico in a July letter, something that Sheinbaum said Mexico gets to stave off for the next three months.
'We avoided the tariff increase announced for tomorrow and we got 90 days to build a long-term agreement through dialogue,' Sheinbaum wrote on X.
Some goods continue to be protected from the tariffs by the 2020 U.S. Mexico Canada Agreement, or USMCA, which Trump negotiated during his first term.
But Trump appeared to have soured on that deal, which is up for renegotiation next year. One of his first significant moves as president was to tariff goods from both Mexico and Canada earlier this year.
Census Bureau figures show that the U.S. ran a $171.5 billion trade imbalance with Mexico last year. That means the U.S. bought more goods from Mexico than it sold to the country.
The imbalance with Mexico has grown in the aftermath of the USMCA as it was only $63.3 billion in 2016, the year before Trump started his first term in office.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Oil prices rise on US demand strength, though sanctions uncertainty remains
By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Thursday, pausing a five-day losing streak, on signs of steady demand in the U.S., the world's biggest oil user, though the prospect of U.S.-Russian talks on the Ukraine war eased concerns of supply disruptions from further sanctions. Brent crude futures rose 20 cents, or 0.3%, to $67.09 a barrel by 0039 GMT while U.S. West Texas Intermediate crude was at $64.57 a barrel, up 22 cents, or 0.3%. Both benchmarks slid about 1% to their lowest in eight weeks on Wednesday after U.S. President Donald Trump's remarks about progress in talks with Moscow. Trump could meet with Russian President Vladimir Putin as soon as next week, a White House official said on Wednesday, though the U.S. continued preparations to impose secondary sanctions, including potentially on China, to pressure Moscow to end the war in Ukraine. Russia is the world's second-biggest producer of crude after the U.S. Still, oil markets were supported from a bigger-than-expected draw in U.S. crude inventories last week. The Energy Information Administration said on Wednesday that U.S. crude oil stockpiles fell by 3 million barrels to 423.7 million barrels in the week ended August 1, exceeding analysts' expectations in a Reuters poll for a 591,000-barrel draw.[EIA/S] Inventories fell as U.S. crude exports climbed and refinery runs climbed, with utilization on the Gulf Coast, the country's biggest refining region, and the West Coast climbing to their highest since 2023. But the unsettled nature of the talks and the overall supply and demand situation with major producers increasing their output has made investors cautious, said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities. "Uncertainty over the outcome of the US-Russia summit, possible additional tariffs on India and China - key buyers of Russian crude - and the broader impact of U.S. tariffs on the global economy are prompting investors to stay on the sidelines," said Kikukawa. "With planned OPEC+'s output increases weighing on prices, WTI will likely remain in the $60-$70 range for the rest of the month," he said, referring to the Organization of the Petroleum Exporting Countries and its allies including Russia. Adding to the pressure on Russian oil buyers, Trump on Wednesday imposed an additional 25% tariff on Indian goods, citing their continued imports of Russian oil. The new import tax will go into effect 21 days after August 7. Trump also said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil.
CNN
12 minutes ago
- CNN
Trump: I Have Not Been Briefed On What Maxwell Told Blanche - The Source with Kaitlan Collins - Podcast on CNN Podcasts
Trump: I Have Not Been Briefed On What Maxwell Told Blanche The Source with Kaitlan Collins 45 mins A look at what is happening behind the scenes at the White House and what the survivors are saying about this administration's handling of the fallout from the Jeffrey Epstein files.
New York Post
13 minutes ago
- New York Post
Miranda Devine: Biden abused his authority by turning FEMA into a far-left political machine
The Biden administration abused its power by turning the entire mechanism of the federal government into a Democrat voter mobilization campaign, according to newly unearthed White House documents viewed exclusively by The Post. The worst offender was FEMA, the Federal Emergency Management Agency, under the Department of Homeland Security, which was controlled for four years by Biden's Machiavellian border buster Alejandro Mayorkas. When responding to an emergency or a natural disaster, FEMA employees were directed to make voter registration a 'key priority.' They politically targeted vulnerable people in their hour of need instead of focusing on providing federal assistance. Left-wing NGOs were brought in to 'educate' FEMA staff about 'equity and voter access for individuals affected by disaster,' says a Trump administration official. 'FEMA's job is to make sure Americans who have suffered catastrophic loss due to some disaster in their community [can access] food, water and shelter . . . Under President Biden, FEMA, like every agency, produced a plan on how they would leverage these crisis situations for political [purposes]. I can't think of anything more disgusting.' FEMA snubbed GOP FEMA employees were so fixated on voter outreach that, when they visited hurricane-ravaged Florida last October, they didn't even bother knocking on the doors of houses that had Trump signs in the yard. Instead of assisting Hurricane Milton survivors, they were instructed to 'avoid homes advertising Trump,' according to an Office of Special Counsel complaint. FEMA supervisor Marn'i Washington was fired as a scapegoat after Republican Florida Gov. Ron DeSantis called foul on the scam and The Daily Wire reported that at least 20 homes with Trump signs or flags had been skipped by FEMA and denied the opportunity of qualifying for federal assistance. It stands to reason that if FEMA's priority was getting out Democrats to vote, the last people they would want to visit were Trump supporters. The Florida scandal came on the heels of the Biden administration's sluggish response to Hurricane Helene in Trump-supporting rural areas of North Carolina and Tennessee. Whether it was Hurricane Helene, the Maui wildfires, Hurricane Ian, or the East Palestine train derailment, FEMA always came up short during the Biden years. The agency's inadequate performance is more understandable when you realize that providing actual disaster relief to victims had become simply a side dish to the partisan political priorities of the Democratic Party. Every week, Post columnist Miranda Devine sits down for exclusive and candid conversations with the most influential disruptors in Washington. Subscribe here! It began the minute Joe Biden came into office, when he concocted a fake voter registration crisis by leveraging the same racial discord that he had exploited during the George Floyd riots the previous summer, claiming that 'many Americans, especially people of color, confront significant obstacles to exercising the fundamental right' to vote, including 'difficulties with voter registration, lack of election information, and barriers to access at polling places.' This was not true. In fact, voter turnout in the 2020 election of 67% was the highest recorded in the 21st century, according to the Census Bureau. Voter registration, likewise, was at a record high in 2020. 'Equity' and 'access' were euphemisms for policies designed simply to increase Democrat voter turnout by targeting demographics that traditionally vote Democrat. Biden launched his federal government-wide voter recruitment program with an Executive Order on March 7, 2021, to 'promote equity in voter access.' The date was chosen deliberately to fall on the 56th anniversary of Bloody Sunday to invoke the civil rights legacy of fighting voter suppression against black Americans. Biden announced the scheme at a breakfast in Selma, Ala., absurdly tying the Jan. 6 Capitol riot to what he claimed was a renewed struggle for voting rights. Fed turnout machine A federal lawsuit filed by nine states last August claimed that his order was drafted by progressive racial activist group Demos, which 'monitors implementation and advocates that federal agencies do more.' The EO was executed by Susan Rice, Biden's assistant to the president for domestic policy, whose primary focus was making 'equity' central to every arm of government. In 2021, she commanded all federal agencies to dream up ways to re-engineer their activities to prioritize voter turnout, especially in 'marginalized communities.' The Department of Energy, for example, targeted low-income households that qualify for federal weatherization assistance with voter registration paraphernalia before the 2022 midterm elections. The Department of Labor enlisted state workforce agencies to designate American Job Centers as voter registration agencies and coordinating exclusively with leftist 'voting rights' groups. The Department of Health and Human Services instructed federal health centers to engage in voter turnout, including 'encouraging patients to register to vote, assisting patients with completing registration forms, sending completed forms to the election authorities.' HHS also encouraged voter registration by ineligible illegal aliens who had access to health coverage through the Affordable Care Act, according to an expose by Heritage Foundation Senior Legal Fellow Hans von Spakovsky. DHS went above and beyond. A FEMA 'Strategic Plan for the Implementation of Executive Order 14019, Promoting Access to Voting' dated Sept. 10, 2021, and sent to Rice by Katherine Culliton-González, DHS officer for civil rights and civil liberties, summarized what DHS was doing to comply with Biden's EO by using disasters and emergencies to harvest voters: 'DHS has planned and begun implementing a variety of internal and external activities to promote access to voting.' The plan included 'key messaging and . . . resources to promote equity in voter access through their training preparedness initiatives for individuals impacted by a disaster or emergency event.' Also included were novel ways of harnessing 'internal resources, and points of public interface to promote equity in voter access before, during, and after a disaster or emergency event.' Registration drive Another arm of Mayorkas' empire, the Citizenship and Immigration Services (USCIS), was enlisted for the turnout effort, with a plan to 'build up its existing efforts to facilitate voter registration for new citizens at the end of naturalization ceremonies, in coordination with governmental and nongovernmental organizations.' At 2,100 naturalization ceremonies for new Americans, DHS embedded 'voter-registration outreach,' inserting 2 million voter registration forms in 'welcome packets' and inviting only partisan left-leaning groups. Another White House document covering 'Partnerships and Outreach' showed that DHS signed 'Memorandums of Understanding' with the League of Women Voters in October 2022 and NALEO Educational Fund in February 2023, for naturalization 'ceremony support.' Another DHS outfit, the Cybersecurity and Infrastructure Security Agency, co-hosted 'Your Vote Your Voice 'cyber-hygiene webinars' with another NGO, the Chicago-based Center for Tech and Civic Life (CTCL). Taxpayer resources allocated by DHS for voter turnout in 2022-2024 included 12 full-time USCIS employees, $1.9 million in print contracts, and 'costs absorbed' for a dedicated five-person team from FEMA's Individual and Community Preparedness Division. President Trump issued a new executive order in March this year to reverse Biden's subterfuge, calling on every federal agency to ensure the voter outreach schemes are dismantled. The cost of this Sovietization of the federal government is incalculable. But let's hope FEMA and the other agencies can get back to their day jobs.
