Overview
- The agreement defers the planned 30% tariffs for three months while keeping 25% duties on fentanyl and autos and 50% duties on steel, aluminum and copper in place.
- Mexico has committed to eliminate all non-tariff barriers without delay to comply with the terms set by President Donald Trump.
- President Claudia Sheinbaum hailed the deal as the best possible outcome for safeguarding the T-MEC and credited a strategy of calm, principle-based diplomacy.
- Both governments will hold continuous bilateral talks over the next 90 days aimed at securing a definitive trade and security pact covering migration, drug trafficking and regulatory alignment.
- A Qm Estudios de Opinión poll shows 68% of Mexicans back Sheinbaum’s handling of the tariff threat, and the Nuevo León government praised the extension for protecting exporters and jobs.