Overview
- Mexico’s president said she and President Trump agreed in a brief call Thursday to keep negotiating past the stated deadline while avoiding additional tariff hikes.
- Officials are set to work on final details this week at APEC in South Korea, with Economy Minister Marcelo Ebrard leading Mexico’s delegation.
- The Trump administration’s existing measures remain in force, including 25% on goods outside USMCA, 25% on automobiles, and 50% on steel, aluminum and copper.
- Both sides aim to conclude the bundled agreement before the formal USMCA review process ramps up, with countries preparing lists of renegotiation points by the end of November.
- Prospects for broader North American coordination are strained after Trump halted talks with Canada over an Ontario ad, and he signaled no meeting with Prime Minister Mark Carney at APEC.