President Trump on Thursday said he's giving Mexico an additional 90 days to strike a trade deal, with the announcement coming a day before his administration's Aug. 1 deadline to impose 30% tariffs on imports from the nation.

Mr. Trump had said earlier this month that the 30% import duties would begin on Friday for Mexican imports, saying at the time that the country had not done enough to stop North America from turning into a "Narco-Trafficking Playground."

In his Thursday social media post , the president said he agreed to a 90-day extension during a phone conversation with Mexico President Claudia Sheinbaum, which he described as "very successsful."

The president has turned to tariffs as a way to force trading partners to negotiate deals that he says are more favorable to

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