With just hours to go before his declared deadline, Trump announced that he was delaying a tariff hike on Mexican products, originally due Friday, for 90 days after talks with his counterpart, Claudia Sheinbaum.
White House Press Secretary Karoline Leavitt said Trump will sign an executive order Thursday to implement his various threatened tariff rates.
Other road bumps remain.
While Trump has touted a surge in customs revenues since the start of the year, economists warn the duties could fuel inflation.
And the US Court of Appeals for the Federal Circuit was hearing arguments Thursday in cases brought against Trump’s blanket tariffs targeting various economies.
A government lawyer told the court that Trump’s tariff orders were covered by “broad discretion” he enjoys when it comes to handling national emergencies – including pressing economic issues.
A lower court’s ruling had blocked most of the duties from taking effect, prompting the Trump administration’s challenge. The duties have been allowed to remain for now.
