Mexico: Sheinbaum, decisive week for trade agreement
Quick Look
- Mexican President Claudia Sheinbaum called the week for the review of the North American trade agreement "decisive".
- Mexico aims to reduce tariffs on steel, aluminum and cars, while the US wants to strengthen rules on regional production chains.
AI-generated summary
Mexican President Claudia Sheinbaum said this week will be decisive for the review of the North American trade agreement, adding that she will speak directly with Donald Trump if necessary.
Mexico aims to reduce or eliminate tariffs on steel, aluminum and cars, while the United States aims to strengthen rules for regional production chains. A government delegation is already in the US capital for institutional talks.
"The goal is to maintain the treaty, reduce the duties we have on steel and aluminum and reduce those on vehicles," explained the president. Regarding a possible 16-year agreement, Sheinbaum clarified: "The treaty is law, we are not renegotiating it. It is more about the conditions established by the United States in this more protectionist vision. We need to see how to improve it." He concluded his speech by reiterating the centrality of the pact: "The treaty is convenient for the three countries. We have a good position compared to the rest of the world".
