President Donald Trump announced Thursday that he won't raise tariffs on Mexican goods Friday for 90 days, in hopes that a new trade deal can be arranged.

President Donald Trump announced on Thursday he’s extending the existing tariffs with Mexico, America’s largest trading partner, and he will pause higher tariffs that were set to go into effect Friday.

President Donald Trump extended Mexico’s current tariff rates for 90 days to allow more time for trade negotiations, again relenting after threatening to raise levies on a major trading partner.