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Mexico Seeks Deal With U.S. on Section 232 Tariffs Before Nov. 3 Vote

Mexican leaders say technical teams have narrowed non‑tariff disputes but presidential sign‑off and U.S. revenue from tariffs make rapid tariff cuts unlikely.

Overview

  • President Claudia Sheinbaum said Mexico is pushing to reach an understanding with the United States before the Nov. 3 legislative elections and that she and President Trump will have the final say on any pact.
  • Mexico reports important progress on U.S.‑identified non‑tariff barriers and says those issues are now largely resolved by negotiations between technical teams.
  • The main unresolved issue are U.S. Section 232 levies that include a 25% tariff on many autos and roughly 50% duties on steel and aluminum, which Mexico is pressing Washington to reduce.
  • Economy Secretary Marcelo Ebrard warned that those tariffs generate significant U.S. revenue, so they are unlikely to be reversed immediately and talks could continue after the election.
  • Negotiations have no fixed end date; officials say technical teams may produce proposals in days or weeks and outcomes will affect Mexican exporters, the ongoing T‑MEC review process, and bilateral supply chains.