July 31, 2025 — The administration of U.S. President Donald Trump has announced effective tariff rates on multiple countries and a 90-day pause on any new tariffs on Mexico as an 1 August deadline on higher rates rapidly approaches.
Trump announced early on 31 July on his social media platform Truth Social that, following a call with Mexican President Claudia Sheinbaum, the U.S.’s tariffs on the country will remain at 25 percent for the next 90 days. Trump said Mexico also agreed to terminate any non-tariff trade barriers, “of which there were many.”