In a significant development, President Trump has announced a 90-day extension on the tariff deadline for Mexico, allowing the country a temporary reprieve from higher tariffs that were set to take effect soon. This agreement comes as trade talks continue, with Trump indicating that he expects a fruitful negotiation period ahead. The new arrangement means that current tariff rates will remain in place as discussions progress, while American businesses are celebrating the pause on potential new tariffs. Meanwhile, tariffs on Canada remain unaffected, and Trump is reportedly moving forward with new tariffs for other countries not engaged in negotiations. Analysts suggest that the U.S.-Mexico trade relationship is precarious, with the threat of tariffs still looming over negotiations.