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Mexico's Sheinbaum says agreements reached with Trump, as Washington races toward trade deal
President Donald Trump and President Claudia Sheinbaum spoke by phone on Wednesday, September 16, 2026, to discuss trade. Officials described the conversation as constructive, noting talks continue to move in a positive direction.
The United States declined to renew the USMCA in its current form on July 1, 2026, triggering an ongoing review. Discussions now aim to resolve duties on Mexican steel, aluminum, cars, and auto parts.
Trade Representative Jamieson Greer and Economy Secretary Marcelo Ebrard are set to lead the fourth round of formal trade discussions in Washington on September 28 and 29. No agreement has been signed to date.
The peso firmed 0.4 percent on September 17 to trade near 17.15 per US dollar as markets reacted to the developments. The currency had earlier touched a one-month low.
Negotiators aim to establish a framework before the United States midterm elections in November. Mexico is preparing for increased trade, with construction of two new border bridges at Nuevo Laredo starting this year.