EU–U.S. Trade Deal: Reduced Risks, but Still a Headwind for Europe

I have just concluded a telephone conversation with the President of Mexico, Claudia Sheinbaum, which was very successful in that, more and more, we are getting to know and understand each other. The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border. We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper. Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many. We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer. Present at the meeting were Vice President JD Vance, Secretary of Treasury Scott Bessent, Secretary of State Marco Rubio, Secretary of Commerce Howard Lutnick, United States Trade Representative and Ambassador Jamieson Greer, Chief of Staff Susie Wiles, and Deputy Chief of Staff for Policy, and United States Homeland Security Advisor, Stephen Miller. There will be continued cooperation on the Border as it relates to all aspects of Security, including Drugs, Drug Distribution, and Illegal Immigration into the United States. Thank you for your attention to this matter! TRUMP: MEXICO WILL CONTINUE TO PAY A 25% FENTANYL TARIFF TRUMP: MEXICO TO PAY 25% TARIFF ON CARS, 50% TARIFF ON STEEL TRUMP: MEXICO HAS AGREED TO IMMEDIATELY TERMINATE ITS NON TARIFF TRADE BARRIERS

Mexico's President Sheinbaum: Agreement reached with Trump safeguards the USMCA deal. MEXICAN PRESIDENT SHEINBAUM: WE DON'T HAVE A FACE TO FACE MEETING WITH TRUMP PLANNED IN THE 90 DAYS WE WILL KEEP WORKING ON TARIFFS ON OTHER PRODUCTS LIKE TOMATOES, STEEL DEAL PUTS THE COUNTRY IN A GOOD POSITION