U.S. President Donald Trump announced on July 12, 2025, the imposition of an additional 30 percent tariff on imports originating from Mexico, with an effective date of Aug. 1, 2025. This measure was introduced independently of existing tariffs currently applicable to steel, aluminum, vehicles and auto parts.
However, on July 31, 2025, one day before the tariff was set to take effect, the governments of Mexico and the United States reached a bilateral agreement through which Mexico obtained a 90-day suspension of the implementation of the additional 30 percent tariff.
As part of this agreement, the following commitments were reached:
- Mexico agreed to immediately eliminate all non-tariff barriers affecting U.S.-origin products. It is important to mention that the Office of the U.S. Trade Representative has a Report on Foreign Trade Barriers. In this regard, it is pending for the U.S. and Mexico to confirm whether all these restrictions will be eliminated.
- Both parties committed to initiate negotiations and reach a new trade agreement within the 90-day period. It is important to highlight that this temporary suspension does not affect the tariff treatment currently in force under the United States-Mexico-Canada Agreement (USMCA). Consequently, Mexican exporters whose goods do not meet USMCA origin requirements will continue to be subject to a 25 percent tariff rate. In addition, a 50 percent tariff remains applicable to steel, aluminum and copper products, and a 25 percent tariff continues to apply to autos and auto parts.
In light of this 90-day suspension, it is important to highlight that the current valid tariffs imposed by the United States are as follows:
