Overview
- Economy Secretary Marcelo Ebrard told ruling-party lawmakers that Mexico has kept the USMCA in force through November after U.S. tariff threats, including a floated 25% levy.
- More than 80% of Mexican exports to the United States currently enter duty-free, a figure he says gives Mexico a favorable starting point for the talks.
- Ebrard said the treaty review will begin in January 2026, with Mexico positioned as the top supplier to the U.S. and a principal buyer of U.S. goods.
- He argued that nearshoring dynamics and new global tariffs provide Mexico a cost advantage over Vietnam, South Korea and the European Union for U.S.-bound exports.
- The government plans to cut import dependence by bolstering steel, semiconductors, aviation, textiles and AI, including a national AI language announced for November.