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Mexico Says USMCA Review Talks 90% Complete as Trilateral Structure Holds

Officials await a U.S. choice on tariff proposals following widespread mill suspensions.

Overview

  • Economy Secretary Marcelo Ebrard said political and procedural signals indicate the pact will remain a three-party agreement with the United States and Canada.
  • Pre-review consultations coordinated with the U.S. Trade Representative and Canadian authorities have reached about 90% completion after roughly 85 meetings.
  • Mexico has submitted multiple options to address U.S. steel and aluminum measures and is waiting for Washington’s decision as the 90-day tariff window approaches its close.
  • The government expects the 2026 review to yield limited adjustments rather than substantial changes to the treaty.
  • Ebrard cited resilience efforts including 1,776 investment projects totaling about $297 billion, export diversification efforts with the European Union, and a planned November visit by Nvidia’s CEO.