Marcelo Ebrard

President Claudia Sheinbaum welcomed Japanese business leaders to Mexico to strengthen bilateral cooperation, discussing investments and challenges related to USMCA. Japanese companies in Mexico, including Honda and Toyota, generate 350,000 jobs under a 2004 Economic Partnership Agreement.

The U.S. has declined to renew the USMCA trade agreement in its current form, stating it will continue negotiations to address trade deficits and modify the pact. The agreement remains in force until 2036, with annual reviews required. Mexico and Canada had sought to extend the agreement until 2042.

The US has refused to extend the North America trade deal. Talks between US Trade Representative Jamieson Greer and Mexico's Economy Minister Marcelo Ebrard are ongoing to review the US-Mexico-Canada trade pact.

México's President Claudia Sheinbaum stated the USMCA will remain valid until 2036 if the U.S. does not extend it. The treaty, effective since 2020, requires a joint review in 2026 to confirm a 16-year extension. Mexico and Canada have already expressed written support for renewal, while the U.S. decision remains pending.

President Claudia Sheinbaum announced a virtual trilateral USMCA review meeting on Wednesday involving Mexico, the U.S., and Canada, while wishing Mexico's national football team (El Tri) good luck ahead of their match against Ecuador. She also confirmed Mexico is sending power generators to Venezuela to aid recovery from recent earthquakes.

Michoacán’s avocado growers received a Protected Geographical Indication (PGI) for the Aguacate Franja Michoacán, recognizing 31 municipalities where Hass avocados are cultivated. The designation, which protects the region’s unique avocado qualities and supports over 150,000 jobs, aims to enhance market visibility and economic growth.

Mexico’s Economy Ministry announced a strategic framework for renewing the USMCA trade agreement, citing a 94% probability that U.S. President Donald Trump will announce its renewal within 90 days, based on his public opposition. The strategy relies on the TACO Doctrine, a predictive model derived from Trump’s pattern of reversing prior threats.

U.S. President Donald Trump stated he is not seeking to renew the USMCA trade pact but later softened his stance, expressing uncertainty. Mexico and Canada aim to extend the agreement, while Trump criticized the deal for creating trade deficits and asserted the U.S. does not need goods from these countries.

Mexico aims to significantly increase its chip production within three years as global supply chains shift away from Asia. Economy Minister Marcelo Ebrard announced the plan to investors in Mexico City, highlighting a factory in Queretaro as part of this initiative.

Canada is urging the United States and Mexico to renew their joint free-trade agreement for another 16 years amid economic and political pressure from the Trump administration. Canada’s minister for U.S. trade Dominic LeBlanc called for renewal in a letter to U.S. Trade Representative Jamieson Greer and Mexico’s Economy Secretary Marcelo Ebrard.