"Mexico is facing a crucial week for its economy. Thursday marks the end of the 90-day deadline that U.S. President Donald Trump gave the Mexican government to evaluate their trade relationship and define the tariffs that will remain in place between them. The Latin American country is the United States' main trading partner; however, it has failed to contain the protectionist onslaught that Trump has launched globally."
"With some concessions, and anchored to the free trade agreement (USMCA), the Republican leader has imposed 25% tariffs on all products not covered by the agreement, 25% levies on automobiles, and 50% tariffs on steel, aluminum, and copper. The tariff spat between the two countries began almost at the start of the Trump administration's second term, in January of this year, when the U.S. president shook up bilateral relations by announcing new tariffs on Mexico and Canada."
Mexico faces a critical week as a 90-day deadline set by U.S. President Donald Trump ends, requiring assessment of bilateral trade and determination of remaining tariffs. The United States is Mexico's main trading partner, yet Mexico has not prevented Trump's broader protectionist measures. Trump has imposed 25% tariffs on products not covered by USMCA, 25% on automobiles, and 50% on steel, aluminum, and copper, with some concessions tied to the free trade agreement. Tariffs began in March after claims Mexico failed to curb irregular migration and fentanyl trafficking. Ongoing tensions between President Claudia Sheinbaum and Trump increase uncertainty for Mexico's economic future.
Read at english.elpais.com
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