REYNOSA — The clock is ticking for Mexico to reach a new trade agreement with the United States before Oct. 29, when a 90-day grace period expires and steep new tariffs could take effect.
Under the extension negotiated in late July between President Donald Trump and Mexican President Claudia Sheinbaum, existing tariffs — 25% on vehicles and fentanyl-related goods and 50% on metals — were kept in place while both sides continue to negotiate.
If no deal is reached by Oct. 29, those rates could rise to 30%, raising costs for manufacturers along one of North America’s busiest industrial corridors.
Why it matters for the RGV
Photo Credit | Kristen Mosbrucker-Garza
The Rio Grande Valley’s industrial economy is directly tied to Mexico’s manufacturing base.
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Anayancy Ulloa
Reporter
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