Overview

• At a mass address in Mexico City’s Zócalo, Claudia Sheinbaum declared Mexico a free and sovereign nation and rejected any foreign intervention.
• President Trump raised replacing the trilateral USMCA with bilateral deals, while U.S. Trade Representative Jamieson Greer cited Mexican compliance concerns in energy, telecom and agriculture.
• Sheinbaum said any change to the trade pact would require deep legislative action in Mexico, the United States and Canada, and noted there is no formal renegotiation process underway.
• Mexico is pursuing negotiations led by Economy Secretary Marcelo Ebrard and Sheinbaum left open a call with Trump to avoid a U.S. proposal for a 25% tariff on medium and heavy vehicles starting Nov. 1.
• Sheinbaum said Mexican authorities require sufficient evidence to act on U.S. investigations, and she hosted former Chilean president Michelle Bachelet for talks on Latin America, wellbeing and women’s political leadership.