(MENAFN) Mexican President Claudia Sheinbaum announced Monday that U.S. President Donald Trump has agreed to delay a new round of tariffs on Mexican exports that had been slated to begin Nov. 1.

The tariffs, originally threatened by Trump in July, would have raised duties on selected Mexican goods from 25% to 30%. Washington granted a 90-day extension to allow further talks — a reprieve that was due to expire at the start of November.

Following discussions between the two leaders on Saturday, both sides decided to extend negotiations for "a few more weeks" to address U.S. demands that Mexico remove 54 non-tariff barriers, Sheinbaum said during her regular morning press briefing.

"We're practically closing this issue," she said.

Since assuming office in January, Trump has advanced a combative trade strategy targeting nations he accuses of unfair practices — including Mexico, where U.S. tariffs have already hit steel, aluminum, and copper exports.

MENAFN28102025000045017169ID1110256691