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Progress toward a US-Mexico tariff deal has stalled, WSJ reports

Summary by WTVB
Oct 15 (Reuters) - Progress toward a US-Mexico tariff deal has stalled after opposition from Commerce Secretary Howard ​Lutnick, the Wall Street Journal ‌reported on Thursday, citing people familiar with the talks. The US and Mexico had been closing in...

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The WSJ reports that Lutnick obstructs a pact to reduce US tariffs to Mexico, despite advances in trade negotiations.

·Monterrey, Mexico
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Howard Lutnick opposes substantial cuts to 25% tariffs on Mexican automobiles and 50% levies on steel and aluminum, Wall Street Journal reports

·Ankara, Türkiye
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Trade talks between the United States and Mexico have stalled after resistance from U.S. Commerce Secretary Howard Lutnick, the Wall Street Journal reported, citing people familiar with the talks. Washington and Mexico were close to an agreement to reduce tariffs on steel, aluminum and cars in exchange for concessions from Mexico. According to the publication, Lutnick opposed a significant reduction in the 25 percent tariff on Mexican cars. He a…

Negotiations on a trade deal between the US and Mexico have been delayed due to the US side's failure to reach an agreement on reducing import tariffs.

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BizToc broke the news on Thursday, October 15, 2026.
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