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BBCUS President Donald Trump has said Mexico will not be required to pay tariffs on goods that come under the trade pact between the two countries and Canada until 2 April.
Trump has not confirmed if the suspension also applies to Canada, but Commerce Secretary Howard Lutnick said earlier on Thursday he was hopeful the reprieve would apply to both of America’s neighbours.
The latest move is the second climbdown in two days from Trump on his tariffs.
On Wednesday he said he would temporarily spare carmakers from 25% import taxes just a day after they came into effect.
Lutnick told CNBC the temporary exemption of tariffs for car part imports from Canada and Mexico could be extended to all products that are part of the United States-Mexico-Canada Agreement (USMCA).
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