Countries Rush to Strike Accords with U.S. Prior to Trump Establishing Tariff Deadline
During President Donald Trump's second term, tariff rates on goods imported from Mexico have significantly increased.
On February 4, 2025, Trump announced a 25% ad valorem tariff on imports from Mexico, linked to fentanyl trafficking and border security concerns [1][3]. This tariff was implemented on February 4, 2025.
Shortly before the tariffs were set to increase further, Trump and Mexican leaders agreed to maintain these 25% tariff rates instead of raising them to 30%, and initiated a 90-day negotiation period to work on a long-term agreement [2].
By mid-2025, despite ongoing tensions, the 25% tariff on Mexican goods remained in place. Additional US retaliatory tariffs and tariff rate adjustments were considered but as of late July 2025, the baseline tariff on imports from Mexico continued to be 25% [1][2][3].
Here is a summary of the tariff rates on Mexico imports:
- Before February 2025: Generally low or zero tariffs. Pre-2025 Trump administration increased tariffs mostly focused on China, with Mexico tariffs remaining low.
- February 4, 2025: 25% tariff. New tariffs imposed linked to fentanyl and border security under multiple emergency acts.
- March - July 2025: 25% tariff. Tariffs implemented and maintained; a 30% increase was threatened but avoided via talks.
No substantial reductions or removals of these tariffs have been reported up to August 2025 [1][2][3].
Therefore, the current tariff rate on goods imported from Mexico into the US is 25% as of mid-2025, due to policies enacted during Trump's second administration term.
- The increase in tariff rates on goods imported from Mexico during President Trump's second term significantly impacted various industries, such as finance and general-news sectors, as they had to adjust to the new economic conditions.
- The politics surrounding the tariff rates on imports from Mexico were heated, with multiple negotiations taking place between Trump and Mexican leaders to prevent further increases, reflecting the broader concerns of the business community.
- The maintenance of a 25% ad valorem tariff on imported goods from Mexico has resulted in ongoing implications for the American industry, finance, and the general economy, as the tariff situation remains unchanged up to August 2025.
