Trump and Sheinbaum in Last-Ditch Trade Talks as Tariff Deadline Looms

With the clock ticking down to a critical tariff deadline, President Donald Trump and Mexico City Mayor Claudia Sheinbaum are scheduled for a crucial phone call Thursday morning. The conversation comes as the Friday deadline for imposing a hefty 30% tariff on goods from Mexico fast approaches, with no trade agreement currently in place. This looming deadline has raised concerns about the potential economic impact on both the US and its largest trading partner.

Will a Deal Be Reached Before the Friday Deadline?

The details of the planned discussion remain undisclosed, but the urgency of the situation underscores the importance of reaching a resolution. The potential tariffs could significantly impact businesses and consumers on both sides of the border. The call between President Trump and Mayor Sheinbaum represents a last-ditch effort to avert a potential trade war.

Potential Economic Fallout of Imposed Tariffs

Experts warn that if a deal isn’t reached, the 30% tariffs could have a devastating effect on the economies of both countries. The increased costs of imported goods could lead to higher prices for consumers and disrupt established supply chains. The looming uncertainty has created considerable anxiety in the business community.