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Mexico Expands T-MEC Consultations as Auto Industry Backs Trilateral Track and Moody’s Sees 7.5% U.S. Tariffs

Officials aim to deliver a unified negotiating brief by January 2026.

Overview

  • The Economy Ministry reports 13 sectoral and 13 state sessions in two weeks and 1,602 questionnaires received, with organized labor formally included for the first time.
  • States such as Jalisco and Michoacán are running parallel multisector consultations to protect strategic industries including electronics, agrofood, and fashion.
  • Automotive groups including AMIA, Toyota and Anpact oppose shifting to bilateral talks and urge keeping a trilateral framework to preserve integrated supply chains.
  • Moody’s estimates the effective U.S. tariff on Mexican exports at 7.5% and says it could edge up by 0.5–1 point as new measures take effect, including a 25% rate on medium and heavy trucks in November.
  • Industry representatives expect the three countries to weigh common rules on screening China-linked investment as part of the review discussions.