Overview
- The Economy Secretary said consultation reports from Mexico, the United States and Canada are due by the end of January, with formal negotiations set to wrap up in June and a July 1 deadline to conclude the review.
- Mexico formally asked the United States to lower the 27.5% tariff on vehicles that fail North American content thresholds to 15% to align pricing with competitors from regions like Japan and the European Union.
- Preserving the trade pact remains Mexico’s core objective, alongside ensuring greater equity in the Rapid Response Labor Mechanism and adherence to side letters such as those covering steel.
- Marcelo Ebrard will deliver Mexico’s internal conclusions to President Claudia Sheinbaum in the coming days and will also send the document to the Senate for follow-up.
- Ebrard noted that about 85% of Mexico’s exports to the United States now use USMCA rules, up from roughly 50% earlier, reflecting deeper reliance on the agreement.