WASHINGTON (AP) — President Donald Trump said Thursday that there would be a 90-day negotiating period with Mexico after a call with that country’s leader, Claudia Sheinbaum, as the 25% tariff rates stay in place.

He explained that he and Sheinbaum had agreed to keep US tariffs at their current rates for a 90-day period. Mexico had been one day away from seeing a tariff increase on August 1. Earlier this month, on July 11, Trump had threatened on Truth Social to hike tariffs on Mexican imports to 30 percent.

President Donald Trump and his Mexican counterpart Claudia Sheinbaum plan to speak by phone on Thursday morning, according to people familiar with the plans, as a Friday deadline to avoid a 30% tariff nears with no agreement between the US and its largest trade partner.