Mexico is again bracing for the possibility of a hefty tariff on the goods it exports to the United States.
The country is just days away from President Donald Trump’s 30% tariff deadline, which he says will start on Aug. 1.
Mexican President Claudia Sheinbaum said she’s confident Mexico and the U.S. will come to an agreement.
“We’re doing everything we can so that it doesn’t go into effect,” Sheinbaum said. That includes finding ways to reduce trade deficits with the United States.
Mexico's export-heavy economy is largely reliant on trade with its northern neighbor — a reliance Sheinbaum is attempting to lessen by strengthening relationships with other trading partners and boosting domestic production.
Earlier this year, Mexico was able to successfully put off a 25% tariff after agreeing to send 10,000 additional Mexican National Guard troops to the border.
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Mexican President Claudia Sheinbaum says trade will be the main topic between the two world leaders during a “brief” meeting at the 2026 FIFA World Cup draw. -
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That will bring the minimum wage in most parts of the country to just over $17 USD per day. In parts of the country near the border with the United States, the new minimum wage will also increase by 13%, to just over $24 USD. -
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