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%