Mexico is currently engaged in trade policy discussions with the U.S. government to secure a new agreement before the expiration of a tariff pause on Canadian and Mexican goods. These Mexico-US trade talks are of utmost importance to prevent a potential trade war.
Mexican President Claudia Sheinbaum expressed optimism about reaching a trade agreement with the United States, Mexico’s primary trade partner and she believes a deal can be finalized this week, despite recent comments suggesting that the tariffs are imminent.
Contingency Plans in Place for Potential US Tariffs on Mexico
Sheinbaum has confirmed that contingency plans, including retaliatory tariffs, are prepared should the U.S. implement across-the-board duties on Mexican exports.
The deadline for a new trade deal between Mexico and the U.S. is approaching in a week’s time. “This deal has to be finalized this week,” Sheinbaum stressed , highlighting the urgency of the ongoing negotiations.
Mexico’s trade-dependent economy relies heavily on exports to the United States, with approximately 80% of its exports heading north. Brokering a successful trade agreement between the two countries is vital for maintaining economic stability.
