World

Mexico, U.S. agree to extend tariff deadline

Oct 29, 2025

Mexico City [Mexico], October 29: Mexican President Claudia Sheinbaum said Monday that her U.S. counterpart Donald Trump agreed to postpone tariffs on Mexican exports previously scheduled to take effect on Nov. 1.
Trump threatened in July to increase tariffs on some Mexican goods from 25 percent to 30 percent, but gave the country a 90-day reprieve, set to expire on Nov. 1, to negotiate with the U.S. side.
During their talks Saturday, they agreed to allow "a few more weeks" to address U.S. demands for Mexico to remove 54 non-tariff barriers, said Sheinbaum at her daily press conference.
"We're practically closing this issue," she said.
Since taking office in January, Trump has pursued a trade policy focused on imposing tariffs on partners he considers treating the United States unfairly, including tariffs on Mexican steel, aluminum and copper.
Source: Xinhua News Agency

More news

Monolithisch India Limited Reports Record-Breaking Q4 & FY26 Results

New Delhi [India], May 4: For Q4 FY26, the Company reported revenue of ₹40.7 crore, representing a year-on-year (YoY) growth of 35%. EBITDA for the quarter stood at ₹11.4 crore, marking a significant increase of 75% YoY, while PAT rose sharply by 81% YoY to ₹8.1 crore. This makes it the most profitable quarter in the Company's history. The strong profitability was driven by notable margin expansion, supported by an improved product mix and continued cost optimisation initiatives.

May 04, 2026