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Mexico's Sheinbaum says she and Trump agreed to extend trade deadline

27 October 2025 22:11 (UTC +04:00)

Mexican President Claudia Sheinbaum said on Monday she spoke with U.S. President Donald Trump on Saturday and that the two agreed to extend a looming trade deadline for "a few more weeks" to discuss pending issues with Washington, APA reports citing Reuters.

The U.S. agreed in July to pause for 90 days an increase in tariffs on some Mexican goods to 30% - from 25% - as the two countries continued talks aimed at reaching a new trade deal. That pause was set to end this week.

"I was interested in making sure that November 1 didn't arrive without us having communicated and that we were in agreement that our teams were still working," Sheinbaum said in her regular morning press conference, adding they were aiming to resolve 54 outstanding trade barriers.

"We're practically closing this issue," she said.

Mexico's peso strengthened 0.29% to 18.38 per dollar following Sheinbaum's comments.