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MEXICO CITY, MEXICO - JULY 31: Mexican President Claudia Sheinbaum held a press conference in Mexico City on Thursday, July 31, following a phone conversation with US President Donald Trump on trade arrangement and tariffs.The press briefing, held at the National Palace, came after both leaders agreed to a 90-day suspension on the implementation of new US tariffs targeting Mexican imports.During the call, Trump confirmed that Mexico will continue to face existing tariffs, including 25% on fentanyl, 25% on cars, and 50% on steel, aluminum, and copper. He also announced that Mexico agreed to eliminate several non-tariff trade barriers.President Sheinbaum described the conversation as “constructive” and emphasized the importance of ongoing dialogue between the two nations to finalize a long-term trade agreement.Also speaking at the press conference, Economy Minister Marcelo Ebrard outlined the potential economic implications of the tariff suspension, calling the agreement a “window of opportunity” for Mexico’s industry.Foreign Affairs Secretary Juan Ramon de la Fuente stressed the diplomatic importance of the deal, noting that the 90-day extension allows both sides to de-escalate trade tensions and work toward a sustainable bilateral framework.The leaders are expected to continue negotiations over the next three months, aiming to secure a trade deal before the end of the agreed period.(Footage by Alejandro Aguilar Lopez/Anadolu Agency via Getty Images)