Trump exempts Mexico from tariffs for USMCA goods until April 2

President Donald Trump has announced a temporary exemption for Mexico from the recently imposed 25% tariffs on goods covered under the United States-Mexico-Canada Agreement (USMCA), effective until April 2, 2025. This decision follows a conversation with Mexican President Claudia Sheinbaum and aims to acknowledge Mexico’s efforts in enhancing border security and combating drug trafficking.

In his announcement, President Trump stated that Mexico would not be required to pay tariffs on USMCA-compliant goods during this period. He praised President Sheinbaum for her cooperation in addressing issues related to illegal immigration and the smuggling of fentanyl into the United States.

Commerce Secretary Howard Lutnick indicated that this exemption might extend to all USMCA-compliant products from both Mexico and Canada. However, as of now, the exemption has been officially confirmed only for Mexico.

The recent tariffs had raised concerns about potential economic disruptions and strained relations among the USMCA partners. The temporary exemption for Mexico is seen as a positive step toward mitigating these tensions and fostering continued collaboration on shared challenges.

As the April 2 deadline approaches, stakeholders will closely monitor developments to assess the potential impacts on trade and regional economic stability.