President Donald Trump announced Thursday that he’s giving Mexico a 90-day extension to make a trade deal. 

The president announced on Truth Social that he and his team had a call with Mexican President Claudia Sheinbaum in anticipation of the significant tariff deadline set for Friday.

The ‘liberation day’ tariffs initiated by Trump in April are slated to commence on August 1, following two postponements by the administration.

They come as the White House has only inked a handful of trade deals. 

‘I recently finished a phone call with Mexico’s President, Claudia Sheinbaum, and it was very productive as we continue to build a better understanding and relationship,’ the president shared on Truth Social Thursday morning.

Trump said that a Mexican trade deal was more complicated because of the ongoing issues with the southern border. 

‘We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time, namely, that Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper,’ Trump said, adding that, in turn, Mexico would lift certain trade barriers. 

Already, around 80 percent of goods coming into the U.S. from Mexico have been exempt from the tariffs, due to the pre-existing USMCA, which was negotiated during the president’s first term.  

President Donald Trump, photographed in the East Room on Wednesday, announced Thursday that he was giving Mexico another 90 days to ink a trade deal with the United States

Avocados, tequila and other food items are exempt if they meet certain origin requirements. 

‘We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer,’ Trump said. 

The president then named which White House officials were in the meeting – including immigration hard-liner Stephen Miller. 

‘There will be continued cooperation on the Border as it relates to all aspects of Security, including Drugs, Drug Distribution, and Illegal Immigration into the United States,’ Trump said. ‘Thank you for your attention to this matter!’

With the clock ticking, the White House has announced trade deals with the United Kingdom, Vietnam, Indonesia, the Philippines, Japan, South Korea and – while he was visiting Scotland over the weekend – the European Union. 

A deal with China – which had escalated to a major trade war earlier this year – is also in the process of being worked out. 

Trump previewed his tariff strategy just weeks after he was reelected last year – with Mexico and Canada early targets. 

In late November, amid the presidential transition, Trump threatened to place a 25 percent tariff on Mexican and Canadian goods, as long as the countries continued to allow border crossers. 

The president-elect claimed that Mexico and Canada had ‘the absolute right and power to easily solve this long simmering problem.’

Mexican President Claudia Sheinbaum (pictured) spoke by phone Thursday with President Donald Trump and his team and they agreed to a 90-day extension to get to a trade deal

Hours after he was sworn-in, Trump made good on the 25 percent tariff threat. 

He then paused the Mexican and Canadian tariffs in early February, reversing course in early March and allowing them to go into effect. 

Earlier this month, Trump threatened to hike tariffs on Mexican goods to 30 percent. 

At the time, Sheinbaum said that she hoped to be able to ink a deal with Trump by the August 1 deadline.