Mexico did not face a new tariff on April 2, the day of Trump's so-called "Liberation Day" tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.

President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting August 1. Trump announced the tariffs Saturday on two of the United States' biggest trade partners in letters posted to his social media account.

Letters went to 23 other American trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent