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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The U.S. and Mexico will meet next week to begin talks on the USMCA, the trade agreement that governs much of the economic relationship between the two countries as well as Canada. The USMCA is one of the major reasons that trade with Mexico has remained relatively steady in spite of the broader uncertainty created by President Trump's ill fated tariff policy. -
The northward spread of parasite prompted the United States to close the border to cattle for the first time more than a year ago. The most recent closure has lasted since last summer. -
The results of a public consultation from the Mexico government show business leaders don’t want a major overhaul of the trade pact between their country, the United States and Canada. -
Marchers called for justice for victims of abuse at the state judiciary building Sunday. -
Sonora Gov. Alfonso Durazo hopes connecting the small port of entry at Sásabe with the rest of the state’s highway system would spur tourism to beach towns.
