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3w ago

Canada and Mexico Press for Fairer ACEUM, Announce Moves to Reroute Trade

The push signals an effort to curb exposure to U.S. tariffs before the pact’s 2026 review.

Le Premier ministre du Canada, Mark Carney (G), et la Présidente du Mexique, Claudia Sheinbaum (D), se serrent la main après une conférence de presse conjointe au Palais National à Mexico le 18 septembre 2025
La présidente mexicaine Claudia Sheinbaum organise une cérémonie de bienvenue pour le premier ministre canadien Mark Carney au Palais national, à Mexico, le 18 septembre 2025.

Overview

  • At a joint appearance in Mexico City, Prime Minister Mark Carney and President Claudia Sheinbaum called for the ACEUM to be made “more equitable and more efficient.”
  • Both governments announced programs to deepen bilateral trade and investment, including routing more cargo through Canadian and Mexican ports rather than transiting the United States.
  • The trilateral agreement, in force since 2020, is scheduled for formal re-examination by the three countries next year.
  • U.S. President Donald Trump has imposed tariffs affecting autos, steel and aluminium in Canada and Mexico and has threatened further measures tied to migration and drug trafficking.
  • Canada and Mexico remain highly dependent on the U.S. market, sending roughly 75–80% of their exports there, with Mexico–Canada goods trade at about $31.8 billion versus more than $760 billion in each country’s trade with the United States.