Trump's New 10 Percent Tariff Exempts Most Mexican Exports Under USMCA Through July 24

Welcome to Mexico Tariff News and Tracker, your go-to source for the latest on U.S.-Mexico trade tensions under President Trump. In a major pivot after the Supreme Court struck down his emergency tariffs last Friday, Trump has imposed a new 10 percent tariff on most U.S. imports effective February 24, running for 150 days until July 24. Argus Media reports this Section 122 tariff, drawn from the 1974 Trade Act to address balance-of-payments issues, fully exempts goods qualifying for duty-free treatment under the USMCA—the United States-Mexico-Canada Agreement. That means many Mexican exports like energy, critical minerals, fertilizers, beef, oranges, and tomatoes dodge the hit, along with steel, aluminum, cars, and auto parts already under separate sectoral duties. Mexico News Daily highlights Mexico's push in ongoing USMCA talks to eliminate lingering U.S. tariffs on automotive, steel, and aluminum products, with Canada expected to join negotiations in May. Ginger Control explains the tariff doesn't stack with existing Section 232 duties on those metals or USMCA perks, shielding compliant Mexican shipments and potentially saving billions for cross-border supply chains. Yet uncertainty looms. Council on Foreign Relations experts note the administration's U.S. Trade Representative is launching Section 301 probes that could target specific countries post-July, possibly pressuring Mexico bilaterally on rules of origin or other issues without amending the full USMCA. Powersys points out pre-ruling tariffs hit Mexico at 25 percent in some cases, making this flat 10 percent a relative win, though Trump warns of punitive hikes for partners not playing by the rules. The Committee for a Responsible Federal Budget estimates these tariffs could generate $35 billion in new revenue over 150 days. Mexican exporters and U.S. importers are watching closely as Congress debates extensions—Democrats oppose, but Republicans have backed Trump so far. Stay tuned for bilateral updates that could reshape North American trade. Thanks for tuning in, listeners—subscribe now for weekly deep dives. This has been a Quiet Please production, for more check out quietplease.ai. For more check out https://www.quietperiodplease.com/ Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q This content was created in partnership and with the help of Artificial Intelligence AI.