US-Mexico trade deal is very close, says Mexican President
- On Tuesday, President Claudia Sheinbaum agreed with President Donald Trump that a trade deal between Mexico and the United States is "very close," marking significant progress in bilateral negotiations.
- Nearly $156 billion in trade deficit during the first eight months of 2026 frames current negotiations, following the United States government's July decision not to renew the USMCA pact for 16 years.
- Mexico aims to reduce existing duties on steel, vehicles, and aluminum while avoiding the imposition of additional tariffs, Sheinbaum said on Tuesday morning.
- Although Sheinbaum noted "a lot of progress," unresolved issues remain, including United States proposals requiring Mexico to make specific trade-related concessions.
- Commerce Secretary Howard Lutnick and Ambassador Jamieson Greer maintain a "very good attitude," though Sheinbaum stressed her government cannot negotiate anything violating the Mexican constitution.
26 Articles
26 Articles
The Secretary of Economy stressed that the goal of the Government of Mexico is to get the US to reduce tariffs on Mexican cars, aluminum and steel.
The Secretary of Economy of Mexico says that drug trafficking has not affected the negotiations of the T-MEC, despite criticism from the US.Marcelo Ebrard stresses that the discussions of the treaty focus on trade and investment, leaving other issues at different tables.
By Uriel Blanco, CNN en Español The president of Mexico, Claudia Sheinbaum, and the president of the United States, Donald Trump, said in different instances that their countries are “very close” to reaching an agreement on trade, a point of constant negotiation and friction between the two governments since 2025.
Both countries share with Canada the T-MEC free trade agreement, which is wobbled in practice by the trade war between Washington and Ottawa and the protectionist measures Trump is pushing for. 80% of Mexico’s exports go to the United States and trade trade exceeded 872 billion dollars last year. “We’re getting very close” to an agreement, answered the president consulted about the declarations of her American pair, who said Monday that both cou…
Mexico City, 20 Oct (EFE).- The president of Mexico, Claudia Sheinbaum, said this Tuesday that her government is “very close” to reaching a trade agreement with the United States, to reduce tariffs on the automotive industry, steel and aluminum. “We are already very close. There are still some issues. What is our goal? [...] The entry Mexico is “very close” to reaching a trade agreement with the US, says Sheinbaum was first published in HolaNews.
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