Mexico & Marcelo Ebrard

Mexico: Mexico expressed a desire to extend the USMCA for 16 years and is actively engaged in bilateral negotiations with the United States to address trade concerns, particularly regarding automotive rules of origin and tariffs. The uncertainty surrounding the agreement's future could impact business investment.

Marcelo Ebrard: Marcelo Ebrard, Mexico's economy minister, confirmed the impasse regarding the USMCA extension and expressed Mexico's willingness to resolve differences with the United States and Canada, particularly concerning the automotive industry.

Mexico: Mexico supports the 16-year extension of the USMCA, aligning with Canada's position to maintain the stability of the North American free trade pact.

Marcelo Ebrard: Marcelo Ebrard, Mexico's Economy Secretary, received Canada's recommendation and has indicated Mexico's support for the 16-year extension of the USMCA.

Mexico: Mexico is engaged in active bilateral talks with the U.S., seeking tariff relief while opposing U.S. demands for 50% domestic content in vehicles.

Marcelo Ebrard: Mexico's Economy Minister Ebrard participated in talks and reported advances on steel, aluminum, and import substitution.

Mexico: Mexico's economy minister said the effective tariff rate remains unchanged due to replacement of prior levies.

Marcelo Ebrard: Mexico's Economy Minister Marcelo Ebrard said the effective tariff rate remains unchanged.