President Trump, who has insisted Aug. 1 is a firm deadline for countries around the world, said that "the complexities of a Deal with Mexico are somewhat different from other Nations."

U.S. President Donald Trump gave Mexico a 90-day reprieve from higher tariffs on Thursday 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.

While the United States’ largest trading partner now has more time to reach a trade deal, its second-largest saw its tariff rate increase on Thursday.