US, Mexico resume USMCA trade talks as Trump hits Canada with new tariffs
Negotiators will review autos, steel, agriculture and labor rules as the U.S. presses for tougher regional trade protections and a smaller trade deficit.
- On Tuesday, U.S. and Mexican trade negotiators opened a third round of bilateral USMCA talks in Mexico City, focusing on technical details of autos, steel, aluminum, and labor while excluding Canada.
- President Donald Trump declined to extend the six-year-old USMCA on July 1, initiating a 10-year wind-down clock that forces negotiators to finalize revisions before the trade pact's viability is compromised.
- Discussions address 'economic security,' USTR's term for raising trade protections against China, as the U.S. trade deficit with Mexico widened by $28 billion to $197 billion in 2025.
- These meetings follow Trump's new tariffs on nearly $20 billion of Canadian goods, deepening a rift that has kept Canada sidelined while industry groups urge preservation of the trilateral structure underpinning nearly $1.6 trillion in annual trade.
- Mexico's new ambassador, Roberto Lazzeri, stated that Mexico shares the goal of boosting North American manufacturing, noting 'Every moment that we're losing, I think we are losing competitiveness, market share and investment' as Mexico works toward a year-end deal.
128 Articles
128 Articles
Separate US talks with Canada and Mexico test the USMCA
Separate US negotiating tracks for Canada and Mexico are testing a trilateral free trade zone that has defined North America’s economy for 32 years, with the US potentially forcing concessions on Canada that Mexico agrees to in its more advanced talks. US President Donald Trump’s decision not to ext
Over 80% of Mexican exports exempt from new US tariffs
The announcement came as the United States and Mexico concluded their third round of negotiations reviewing the United States-Mexico-Canada Agreement (USMCA), a regional free trade accord signed in 2020 that's due for renegotiation. Both trade parties agreed on "the urgent need to strengthen manufacturing in North America" and to block the "improper use" of the agreement by parties that are not included in it, according to a joint readout issue…
Every time a tariff is announced from Washington, the public conversation in Latin America becomes an examination of conscience. It is discussed whether Mexico fulfilled in terms of security, whether Canada was arrogant at the technical table, whether the T-MEC will resist the review. Canada, in fact, is the most recently affected by the 50% burden on the products of that country. The question is always formulated inwards. It is appropriate to r…
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