BREAKING: Trump gives Mexico a 90-day extension on eve of tariff deadline
Profile
Sections
Local
tv
Featured
More From NBC
Follow NBC News
news Alerts
There are no new alerts at this time
Trump said this morning that the U.S. and Mexico agreed to delay their deadline for a trade deal by another 90 days. The announcement came on the day before higher, so-called reciprocal tariffs on dozens of countries’ imports were set to go into effect.
“The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border,” Trump said in a post on Truth Social, noting he had just finished a phone call with Mexican President Claudia Sheinbaum.
The U.S. will continue to charge a “25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper,” Trump wrote.
Former Vice President Kamala Harris will sit down for her first interview since the 2024 election tonight on The Late Show with Stephen Colbert.
Her appearance on the show, which is expected to start at 11:35 p.m. ET, comes a day after she announced that she has decided not to run for governor of California next year.
“I look forward to getting back out and listening to the American people, helping elect Democrats across the nation who will fight fearlessly, and sharing more details in the months ahead about my own plans,” she said in a statement.
The vice president announced today that she’s publishing a book about her brief 2024 presidential campaign and it will be released on Sept. 23.
Trump will host a number of professional athletes at the White House this afternoon to sign an executive order revitalizing the president’s council on sports, fitness and nutrition.
The order will also revive the 1960’s-era Presidential Fitness Test in public schools, which awards children with the highest physical fitness scores with presidential recognition. The test will be administered by Health and Human Services Secretary Robert F. Kennedy Jr., according to the White House.
“President Trump wants to ensure America’s future generations are strong, healthy, and successful,” White House Press Secretary Karoline Leavitt said. The White House also emphasized the need for establishing physical “military readiness” among America’s youth.
The order tasks the fitness council, chaired by professional golfer and Trump surrogate Bryson DeChambeau, to develop criteria for school-based programs that reward excellence in physical education and to champion partnerships with influential athletes and sports organizations.
DeChambeau will be joined by Kansas City Chiefs kicker Harrison Butker and former New York Giants linebacker Lawrence Taylor at the signing. New Jersey physician Stephen Soloway, who served on Trump’s first fitness council, and billionaire Texas Tech booster Cody Campbell will also be present.
Trump announced a new trade deal with South Korea with a 15% import tax on its goods. The deal could impact the country’s top exports to the United States, including vehicles and electronics as well as popular skin care and cosmetics. NBC’s Peter Alexander reports for “TODAY.”
Former Vice President Kamala Harris announced today she is publishing a book about her 2024 presidential campaign.
In a video on X, Harris described “107 Days” as “a behind-the-scenes account” of her campaign.
“I believe there’s value in sharing what I saw, what I learned, and what I know it will take to move forward,” Harris said in the video.
The announcement comes a day after Harris announced she will not run for governor of California.
The publisher, Simon & Schuster, includes a short excerpt from the book on its website.
“Your Secret Service code name is Pioneer. You are the first woman in history to be elected vice president on the United States. On July 21, 2024, your running mate, Joe Biden, announces that he will not be seeking reelection. The presidential election will occur on November 5, 2024. You have 107 days.”
The book is scheduled for publication on Sept. 23.
U.S. Attorney Jeanine Pirro said in a social media video that she’s “trying to identify those illegals who are currently burrowed in our criminal justice system.”
The effort, D.C.’s top federal prosecutor said, was in line with Trump’s executive order to “Make the District of Columbia Safe and Beautiful.”
Pirro, a former Fox News host, said her team was working with Immigration and Customs Enforcement to identify the migrants.
“We’re making sure now that not just in the misdemeanor cases but in the federal docket, the superior court docket we are identifying the illegals that are in the system to make sure that D.C. is safe, that we know who is here and who is entitled to be here,” she said.
U.S. special envoy Steve Witkoff is meeting with Israeli Prime Minister Benjamin Netanyahu in Jerusalem today to discuss the humanitarian crisis in Gaza.
Their meeting comes amid international calls for surging humanitarian aid into the Gaza Strip in response to reported starvation and famine in the enclave.
Trump said earlier this week that Israel “has a lot of responsibility for flow of aid,” emphasizing that its government could greatly expand access to food.
Trump said in a Truth Social post that he would be meeting with the South Korean trade delegation this afternoon and “will be interested in hearing” the country’s proposal to reduce the pending U.S. tariff on South Korean goods.
“Likewise, other Countries are making offers for a Tariff reduction. All of this will help reduce our Trade Deficit in a very major way,” Trump said “A full report will be released at the appropriate time.”
Steep tariff rates are expected to kick in tomorrow, affecting imports from many U.S. trading partners.
JPMorgan Chase Chairman and CEO Jamie Dimon visited Trump twice recently in the Oval Office and discussed trade, the Federal Reserve, interest rates, the overall economy and regulations, according to a source close to Dimon.
The Wall Street Journal first reported the meeting.
Dimon leads what is by multiple measures America’s largest bank. Recently, he said “the independence of the Fed is absolutely critical” amid unrelenting attacks against Fed Chair Powell and the central bank by Trump and his top administration officials.
Trump has called Dimon as “a highly overrated globalist,” but later said in an interview with Bloomberg that he was someone he would consider for treasury secretary, a position that went to Scott Besssent.
Treasury Secretary Scott Bessent told CNBC this morning that he believes “we have that makings of a deal” with China after two days of trade talks in Stockholm with top Chinese officials.
Bessent said that he and U.S. Trade Representative Jamieson Greer “will be speaking to President Trump today” about extending China’s current tariff deadline of Aug. 12.
Without extending that deadline or reaching a deal, China’s tariff rates would rise from their current 30% levels.
“There are still a few technical details to be worked out,” Bessent added.
The United States and Pakistan said they had clinched a deal that Islamabad described as leading to lower tariffs on its exports, while Trump touted a pact to help develop the South Asian nation’s oil reserves.
Neither mentioned the tariff rate that was agreed upon.
Pakistan, which Washington has designated a “major non-NATO ally” in its effort to counter rival China’s influence in the region, faced a potential tariff of 29% declared in April that was later suspended for 90 days to allow trade talks.
“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,” Trump wrote on social media.
Read the full story here.
Trump’s global tariff regime heads to court today in a fight for its survival.
Starting at 10 a.m. ET, a panel of 11 judges in Washington, D.C., will hear about 45 minutes of arguments each from the Trump administration and two small businesses that say many of his import duties are illegal.
Read the full story here.
Come tomorrow, the world will have to contend with higher tariff rates from the Trump administration, raising the specter of even more economic uncertainty.
For most countries, that can of worms has been kicked twice down the road, from “Liberation Day” on April 2, to July 9, and now to Aug. 1.
Back in April, Trump had claimed to have done “over 200 deals” in an interview with Time magazine, and trade adviser Peter Navarro had said that “90 deals in 90 days” was possible. The country has fallen far short of that, with only eight deals in 120 days, including one with the 27-member European Union.
Here are where things stand in global trade.
Read the full story here.
Trump criticized the economic relationship between Russia and India, a key Asian partner that is widely considered a counterweight to China, amid contentious trade talks with New Delhi.
Trump said yesterday that he would impose a 25% tariff on Indian imports starting tomorrow, along with an unspecified “penalty” over India’s purchases of Russian energy and military equipment despite Moscow’s war on Ukraine. He later signaled that talks with India were ongoing, before unleashing more criticism online.
“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” Trump said in a late-night post on Truth Social. “We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together,” he continued. “Let’s keep it that way.”
India is one of the main suppliers of U.S. imports, at about $90 billion last year. It also recently became the top source of smartphone imports, with Apple CEO Tim Cook predicting in May that the majority of iPhones sold in the U.S. would have India as their country of origin starting this quarter.
Trump criticized Canada’s plan to recognize a Palestinian state, saying in a late-night post on Truth Social that it “will make it very hard for us to make a Trade Deal with them.”
Prime Minister Mark Carney said yesterday that Canada would recognize a Palestinian state in September, amid a broader global shift against Israel’s policies in the Gaza Strip. The announcement follows similar moves by France and Britain.
© 2025 NBCUniversal Media, LLC
