Mexico Says Up to 90% of Exports to US Can Enjoy Tariff Relief

Mexico’s government said that as much as 90% of exports to the US could benefit from the tariff relief deal the two nations reached Thursday, significantly reducing the risks to a slowing economy that is heavily dependent on trade with its northern neighbor.

US President Donald Trump exempted Mexican and Canadian goods covered by the North American trade deal known as the USMCA from 25% tariffs until April 2.

That relief will apply to more than half of Mexico’s exports to the US, and companies using a different exemption called the “most-favored nation” rate will be able to access that ...