Live Updates: Trump Tariffs and Mexico’s 90-Day Reprieve

Live Updates: Trump Tariffs and Mexico’s 90-Day Reprieve

As of July 31, 2025, President Donald Trump has announced a 90-day extension on current tariff rates for Mexico, providing a temporary reprieve amid ongoing trade negotiations. This move comes as various countries intensify efforts to secure deals with the US to avoid or mitigate impending higher tariffs, with an apparent deadline looming on August 1 for several nations. Below is a chronological summary of the latest developments, based on real-time news and social media insights. Updates are listed with the most recent first.

• 3:30 PM ET (Latest from X): A user on X expressed strong criticism of Trump’s decision, calling it a sign of weakness and linking it to unrelated controversies like the Epstein files. The post highlights polarized public reactions to the reprieve.
• 3:16 PM ET (Bloomberg & X Link): Trump officially grants Mexico a 90-day reprieve from higher tariffs, maintaining existing rates (e.g., 25% on fentanyl and cars, 50% on steel, aluminum, and copper). This follows Trump’s threat last month to raise Mexico’s country-based duty to 30% starting August 1. In exchange, Mexico has agreed to immediately eliminate its non-tariff trade barriers. The extension aims to facilitate a potential new trade deal within the 90 days, with the possibility of further extensions. An X post shared the Bloomberg article, noting the announcement came via Trump’s Truth Social platform.
• 2:00 PM ET (Yahoo Finance Live Blog Context): Broader tariff updates indicate Trump has imposed 50% tariffs on copper imports but exempted refined metals key to international trade. This fits into a pattern of selective reprieves and adjustments as countries negotiate. Separately, Trump unleashed surprises on de minimis shipments (low-value imports often from China), announcing tariffs effective August 29, which could raise costs for US consumers and small businesses.
• 1:00 PM ET (Trade Finance Global Recap): With the previous 90-day tariff pause set to expire today (July 31), Trump’s extension for Mexico until at least October 29 averts immediate escalation. This is seen as part of a “flurry of trade surprises” on the eve of the August 1 deadline for other nations. Analysts note this could signal flexibility in negotiations, potentially influencing deals with the EU, India, and Vietnam.
• 12:00 PM ET (Times of India & MoneyControl): US revenue from tariffs hits a record high amid these policies, with Trump crediting them for making “America great again.” The Mexico reprieve is framed as a suspension of higher duties, allowing time for a call with Mexico’s leader that Trump described as “excellent.” India is highlighted as contributing 16% to global growth, positioning it as a key player racing to finalize a trade deal to avoid retaliatory tariffs.
• 11:00 AM ET (USA Today & AOL Insights): Trade talks are intensifying globally as the tariff deadline approaches. The EU secured a deal reducing threatened 30% tariffs to 15% on most exports. A court case challenging the legality of Trump’s tariffs could limit them to 15% for only 150 days in some scenarios, adding uncertainty. Countries like China are open to new tariffs on their own exports to appease the US.
• 10:00 AM ET (Reddit & Stocktwits): Discussions on platforms like Reddit emphasize the reprieve as a win for Mexico post a positive call with Trump, while stock market reactions are mixed—some see it as a short-term boost for trade-sensitive sectors. Earlier patterns show Trump backtracking on threats, such as lifting tariffs on most Mexican goods for a month in prior instances.

Broader Implications

• Countries Racing to Deal: Nations including the EU, China, India, and Vietnam are accelerating negotiations to secure similar reprieves or reduced rates before August 1 triggers widespread increases. Mexico’s extension could serve as a model, but exemptions vary (e.g., no changes for Canada in some reports from earlier months).
• Economic Impact: Tariffs are shifting ingredient costs in food and manufacturing, with a potential 90-day reprieve for China on retaliatory duties starting August 12. Overall, this strategy has boosted US revenue but risks higher consumer prices.
• Public Sentiment on X: Limited recent posts show a mix of news sharing and partisan criticism, with no widespread viral discussion yet today.