Overview

• The presidents’ ninth phone conversation on July 31 secured a 90-day pause to President Trump’s threatened 30% tariffs on Mexican exports.
• Current sectoral duties remain unchanged with Mexico paying 25% on fentanyl and automobiles and 50% on steel, aluminum and copper.
• President Sheinbaum postponed her morning press briefing to 10:00 am to lead the negotiations alongside senior officials including Juan Ramón de la Fuente and Marcelo Ebrard.
• A four-pillar security cooperation framework targeting fentanyl precursor flows and arms trafficking has been finalized and is set for signatures next week.
• Economy Secretary Marcelo Ebrard and other Mexican officials confirmed that the tariff extension was achieved without additional concessions by Mexico.