Overview
- U.S. President Donald Trump announced sweeping global tariffs on April 2, 2025, exempting Mexico and Canada from the new measures while maintaining prior tariffs.
- Mexican officials, including President Claudia Sheinbaum and Economy Minister Marcelo Ebrard, praised the exemption as a significant diplomatic success tied to the strong bilateral relationship with the U.S.
- President Sheinbaum emphasized the importance of collaboration and mutual respect in securing Mexico's preferential tariff treatment under the USMCA framework.
- Economy Minister Ebrard outlined Mexico's goal to negotiate improved trade conditions with the U.S. over the next 40 days, with a focus on addressing tariff impacts on the automotive sector.
- Mexico remains in ongoing dialogue with the U.S. to ensure economic stability and strengthen trade ties amidst the broader context of U.S. protectionist policies.