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9h ago

U.S. Threatens 30% Tariffs on Mexican Imports as Binational Talks Continue

Mexico’s high-level delegation has formed a permanent working group in Washington to negotiate a deal before August 1 that would protect trade by addressing security concerns

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La presidenta municipal fue herida junto a sus escoltas en un ataque armado durante un evento privado
Patricia Bullrich, en el desayuno con Milei.

Overview

  • President Trump announced on July 11 that a 30% tariff will apply to Mexican goods from August 1, exempting only products entering under the USMCA
  • Mexico dispatched Economy Secretary Marcelo Ebrard and senior officials in Economy, Foreign Affairs, Finance, Public Security and Energy to join U.S. counterparts in the new permanent working group
  • President Claudia Sheinbaum has denounced the proposed tariffs as unfair while affirming that Mexican sovereignty remains non-negotiable
  • Ovidio Guzmán López pleaded guilty in Chicago to organized crime charges and agreed to cooperate with U.S. authorities, underscoring deeper security cooperation
  • Banco Base estimates that existing exemptions and sectoral duties would limit the effective U.S. tariff rate on Mexican imports to about 14.24%