Progress toward a US-Mexico tariff deal has stalled, WSJ reports
- On Thursday, The Wall Street Journal reported that US-Mexico tariff negotiations have stalled following opposition from Commerce Secretary Howard Lutnick, citing people familiar with the talks.
- Lutnick has resisted cutting the 25% tariff on Mexican automobiles and 50% levies on steel and aluminum, objecting to reductions on finished products made from these materials.
- Mexican President Claudia Sheinbaum pursued a deal to stabilize the economy, as more than 80% of Mexico's exports go to the United States and the trade surplus topped more than $280 billion.
- An expert warned that further undoing trade agreements could "jeopardize the financial health" of American companies, while making US goods more expensive.
- These negotiations follow the collapse of U.S.-Canada talks, while officials view an interim deal as politically advantageous before the November 3 midterm elections.
48 Articles
48 Articles
After Canada, it is Mexico's turn to taste the medicine of US Secretary of Commerce Howard Lutnick.
Secretary Marcelo Ebrard assures that bilateral talks continue despite the postponement of a key round. The government seeks to reduce taxes on its exports of cars and steel
Mexico Negotiations Stall Following Canada Breakdown, Calling Into Question the Future of USMCA
Trade negotiations between the United States and Mexico have reached an impasse after months of talks between officials about a deal to reduce duties on critical imports from beyond the southern border.
US commerce secretary’s resistance to cutting tariffs stalls trade talks with Mexico
Mexico’s trade talks with the United States have stalled as a direct result of U.S. Commerce Secretary Howard Lutnick’s opposition to tariff cuts, The Wall Street Journal reported Thursday. Citing people familiar with the negotiations, the Journal said talks were at an impasse due to disagreements over the U.S. tariffs on vehicles, steel and aluminum from Mexico. U.S. Trade Representative Jamieson Greer has been leading the trade talks along wi…
Howard Lutnik would be holding back the agreement with Mexico to reduce tariffs on steel, aluminium and cars as part of the T-MEC negotiations.
Progress towards a tariff agreement between the United States and Mexico has stalled following opposition from the Secretary of Commerce
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