US: Trump Confirms Postponement Of Mexico Tariffs Until April 2

US President Donald Trump has issued a statement on Truth Social confirming that all Mexican goods subject to duty-free trade under the US-Mexico-Canada Trade Agreement (USMCA) will be exempted from tariffs until April 2, when Trump's reciprocal tariffs go into effect.  

• Trump: "After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd. I did this as an accommodation, and out of respect for, President Sheinbaum. Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!"
• Although Commerce Secretary Howard Lutnick hinted earlier that the exemption would be applied across the USMCA, Trump's message does not mention Canada, with Trump's conciliatory tone appearing to reflect Sheinbaum's more measured response than Canadian Prime Minister Justin Trudeau's combative posture. In a recent Truth Social message, Trump claimed that tariffs on Canada were "largely caused" by Trudeau "in order to run again for Prime Minister".
• Trump's message tracks closely with recent comments from key trade advisors - including Lutnick and trade counsellor Peter Navarro - who have stressed that 'trade policy' will kick in on April 2 when various agencies complete their review of bilateral trade relationships. The tariffs that went into effect on Tuesday morning were a targeted response to fentanyl, according to Lutnick.