Overview

• President Donald Trump announced a 25% tariff on imports of medium and heavy trucks from all countries, scheduled to take effect on November 1, 2025.
• President Claudia Sheinbaum said Mexico is pursuing expedited talks led by Economy Secretary Marcelo Ebrard and may request a direct call with Trump to avert the duty.
• During a White House meeting with Canadian Prime Minister Mark Carney, Trump said the USMCA could be renegotiated or replaced with separate deals with Mexico and Canada.
• U.S. Department of Commerce data show that from January to July 2025 nearly 80% of U.S. imports of trucks, buses and special‑purpose vehicles—about $25.86 billion—came from Mexico.
• Analysts cite BBVA Research data showing Mexico’s FDI rose 10.2% year over year in H1 2025, undercutting Trump’s claim that tariffs are driving companies out of Mexico, while U.S. trade chief Jamieson Greer signaled a more bilateral negotiating posture.