U.S. President Donald Trump gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal but was expected to issue higher final duty rates for most other countries as the clock wound down on his Friday deal deadline.

US President Donald Trump said on Thursday he would delay the higher rate of reciprocal tariffs on Mexico by 90 days. Following a call with Mexican President Claudia Sheinbaum, Trump said he would extend “the exact same Deal as we had for the last short period of time”.