Overview

• Economy Secretary Marcelo Ebrard told business leaders Mexico could accept a reduced-rate tariff system to limit damage to exports.
• President Claudia Sheinbaum expressed confidence that preferential treatment will be preserved and said the treaty’s foundations remain firm.
• Technical teams from both countries are advancing the review with about seven points left to resolve, with Foreign Minister Juan Ramón de la Fuente in Washington and Ebrard set to travel this week.
• U.S. actions already affecting Mexico include tariffs on steel, aluminum and copper, antidumping duties on tomatoes, and limits on cattle exports tied to pest concerns.
• Sheinbaum said the U.S. announced tariffs on heavy vehicles, while Mexico is pushing to secure treatment comparable to the special consideration applied to light vehicles.