US-Mexico Trade Deal Is Very Close, Says Mexican President
Sheinbaum said progress continues on lowering tariffs on vehicles, steel and aluminum as both sides seek to avoid new trade barriers.
- 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.
11 Articles
11 Articles
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.
Mexico-US trade deal 'very close,' confirms Sheinbaum: Tuesday's mañanera recapped
On Tuesday, President Sheinbaum agreed with Trump's declaration on Monday that the United States is "very close" to reaching a trade deal with Mexico, and responded to claims that she has made a "pact" with the governor of Chihuahua.
Both countries share with Canada the T-MEC free trade agreement, which is wobbled in practice by the Washington-Ottawa trade war and Trump’s protectionist measures.
Claudia Sheinbaum Pardo said that Mexico and the United States are “very close” to concluding a bilateral trade agreement, although she said that the final agreement has not yet been reached. During the...
Negotiations remain open on US tariffs on automobiles, steel and aluminium, despite the T-MEC.
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