President Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, again relenting after threatening to raise levies on a major trading partner.

President Donald Trump announced Thursday that he won't raise tariffs on Mexican goods Friday for 90 days, in hopes that a new trade deal can be arranged.

President Donald Trump said he would not raise U.S. tariffs on Mexican goods beyond their current levels for 90 days. Trump recently threatened to raise the blanket tariff rate on Mexican imports to 30%.