President Trump has granted Mexico a 90-day reprieve on higher tariffs, extending current rates to allow more time for trade negotiations.
This move comes alongside a new agreement with South Korea that imposes a 15% tariff on imports from Korea while exempting U.S. goods.
Trump has also announced or threatened tariffs on goods from India and Brazil, including a 50% tariff on many Brazilian products starting soon.
Meanwhile, talks with China and the EU show progress toward major trade deals, as deadlines for new tariffs approach.