USMCA

Mexico demands the U.S. reduce steel and aluminum tariffs from 50% to 10% under Section 232, calling the current rate unsustainable. Economy Minister Marcelo Ebrard is advocating for this change to preserve trade relations.

The USMCA trade deal was not renewed in its current form during the July 1 joint review, triggering rolling annual reviews instead. The agreement remains in force with unchanged preferential tariffs, rules of origin, and dispute settlement until a three-way renewal or expiration on July 1.

President Sheinbaum addressed U.S. President Trump's remarks on USMCA during her mañanera, with Economy Minister Ebrard emphasizing close U.S.-Mexico trade cooperation despite Trump's skepticism. Sheinbaum also highlighted diplomatic efforts with Peru, including a call for safe passage for former Peruvian Prime Minister Betssy Chávez and improved relations following Peru's 2022 political tensions.

Ferrero Mexico is investing $86 million in its San José Iturbide, Guanajuato plant to nearly double production capacity and increase exports to the United States and Canada under the USMCA trade framework. The company is known for products like Nutella and Kinder.

Prime Minister Mark Carney stated Canada is prepared to respond if U.S. President Donald Trump's 50% tariffs on Canadian goods take effect on August 19. The tariffs target goods like honey, liquor, and wood products under the USMCA trade agreement, with Carney emphasizing a unified Canadian approach and economic diversification to mitigate impacts.

The U.S. threat of 50% tariffs on Canadian goods, effective August 19, could impact $28 billion in annual Canadian exports to the U.S. and suppress economic growth, though experts suggest it may be a U.S. negotiation tactic. The tariffs target products like honey, liquor, and wood products under the USMCA trade pact, which the U.S. has not renewed, extending negotiations until 2036.

The U.S. announced 50% tariffs on Canadian goods including honey, liquor, and wood products, effective August 19, excluding energy and critical minerals. Experts warn the tariffs could reduce Canadian exports by $28 billion annually and suppress economic growth by 0.2-0.3% in 2026-2027, while the USMCA trade pact remains unresolved.

Trump Tariffs impose a 50% rate on Brazilian goods effective July 2026, the highest in Latin America, while Mexico secured a 90-day delay on reciprocal levies, maintaining a 25% rate for most goods. USMCA covers 89% of Mexican exports, providing some protection.

President Donald Trump imposed 50% tariffs on most Canadian goods, citing unfair discrimination against American autos, alcohol, and dairy products. The move risks escalating economic tensions, with Canada's Prime Minister Mark Carney stating readiness to negotiate, while some officials warn of a potential trade war.

U.S. and Mexican trade negotiators will meet for a third round of talks to revise the North American trade agreement as President Donald Trump imposes new tariffs on Canada.

The Trump administration announced 50% tariffs on Canadian goods including hockey sticks, wine, and cement, citing Canadian discrimination against U.S. exports and policies favoring domestic production. The tariffs, under Section 338 of the Tariff Act, target $20 billion in imports and escalate tensions over USMCA disputes. Canada's Prime Minister Mark Carney called the move a violation of the trade deal and pledged intensified negotiations.

Trump imposes a 50% tariff on some Canadian goods under Section 338 of the Tariff Act of 1930, citing discriminatory practices like removing U.S. alcohol from Canadian shelves and favoring EU dairy products. Canada's Ontario Premier Doug Ford urges a 'tariff for tariff' response, as trade tensions escalate following the U.S. refusal to renew the USMCA agreement.

President Donald Trump imposed 50% tariffs on most Canadian goods, excluding energy products, potash, fish, and critical minerals, citing disputes over autos, alcohol, and cheese. The tariffs, effective in 30 days, are justified under Section 338 of the 1930 Trade Act and target goods previously protected by the USMCA trade pact, which the U.S. did not renew.

Congress, Mexico, and Canada are maintaining a firm stance to prevent any weakening of the USMCA agreement's terms. The article emphasizes the importance of upholding the current terms of the USMCA trade deal.

US and Mexican officials hold a third bilateral round of the USMCA joint review on July 20 in Mexico. Washington seeks to raise the automotive rules-of-origin threshold to 82% and require 50% of a vehicle’s value to be sourced in the US. China is referenced in the context of trade discussions.

BlackRock is confident Mexico will maintain its investment-grade rating, which supports foreign capital retention. The asset manager views the annual USMCA reviews as manageable and not harmful to economic growth. It also anticipates Mexico’s Treasury will manage rising public debt effectively.

The U.S. accuses Canada of failing to secure the northern border, leading to increased cartel activity and drug smuggling. The Trump administration delayed renewing the USMCA trade agreement, citing Canada's restrictive trade practices, including its dairy supply management system and illicit cigarette market.

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 MND News Quiz covers recent Mexican news, including Toyota's production shift, a meeting between President Sheinbaum and a European leader, cities recognized by Travel + Leisure, a water project in Guadalajara, an endangered species sighting, World Cup viewership, export records, and a new soccer coach for El Tri.

Mexico set a new monthly record for exports to the United States in May 2026, reaching $54.18 billion, a 17.5% increase from May 2025. Despite the U.S. declining to renew the USMCA for an additional 16 years, the trade agreement remains in effect, and Mexico maintained a significant trade surplus with the U.S. in May and the first five months of 2026.

The Border Report Live episode discusses the bridge expansion project moving forward despite uncertainty around USMCA. The project is funded through the Department of Transportation's Better Utilizing Investments to Leverage Development (BUILD) grant program.

Mexico ranked 10th globally for foreign direct investment (FDI) in 2025 with $41 billion inflows, a 10.8% increase from 2024. President Claudia Sheinbaum expressed confidence in future renewal of the USMCA trade pact and announced plans for a stronger response to the death of a Mexican national in ICE custody.

President Donald Trump attributed Toyota's $3.6 billion expansion of its Texas truck plant to his tariffs, which led to moving some production from Mexico. The expansion will create 2,000 jobs and double Toyota's Texas footprint by 2030 amid USMCA negotiations.

The article presents a weekly news quiz covering Mexico's new weapon against screwworm, World Cup ticket prices, a large public celebration in Mexico City, hotel investments in Costa Mujeres, security strategy outcomes, USMCA trade deal updates, and Pemex's oil import status.

Mexico's IPC closed flat at 67,060 on July 3 as the US declined to renew USMCA. ASUR fell 2.2%, and the peso remained near 17.45.

Mexico's Secretariat of Economy proposes genetically modified avocados with laser-etched images of President Donald Trump's face to save the USMCA trade agreement. The initiative, called 'Aguacate Presidente,' aims to scale production to cover 40% of U.S.-bound avocado exports by Q4, amid concerns over U.S. tariff threats and USMCA renewal.

Washington declined to renew the USMCA on its sixth anniversary, triggering a decade of annual reviews. The decision splits Mexico from Canada and reshapes Latin America's trade dynamics.

Washington downgrades USMCA, a Lima court reclaims China's Chancay port, and Milei targets the central bank. The article highlights these three key developments in Latin American news for July 3, 2026.

Washington declined to renew the USMCA trade agreement, leading to a decade of annual reviews. This decision impacts Mexico, Canada, and Latin America through a tariff standoff and potential reshaping of the hemisphere's trade dynamics.

Washington refused to renew the USMCA on 1 July, initiating annual reviews and creating uncertainty over $2tn in trade. The article highlights the implications for Latin America.

Ford CEO advocates for a level playing field with Toyota and GM imports during USMCA trade talks. Ford assembled over 2 million vehicles in the U.S. last year, including 311,000 units for export.

Mexico's IPC stock index rose 0.42% to 67,248 on July 1, rebounding above 67,000 as the US avoided renewing the USMCA trade deal in its current form but did not terminate it, reducing market fears. The decision eased concerns about a harsh outcome for trade relations.

The Trump administration announced the U.S. will not renew the USMCA trade deal, which President Donald Trump negotiated in his first term. The USMCA is a key trade agreement involving the U.S., Mexico, and Canada.

Foreign exchange experts predict the Mexican peso will trade at 17.78 to the US dollar in 12 months, a slight depreciation from its current rate. The Bank of Mexico has maintained steady interest rates, which analysts say supports the peso, though uncertainty over the USMCA trade agreement weakens economic outlooks.

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, Canada, and Mexico have begun negotiations to renew the USMCA trade pact, with the US objecting to immediate extension and demanding changes to address issues like trade deficits and supply chain concerns. Failure to reach an agreement could dissolve the pact by 2036, potentially disrupting North American auto production and increasing car prices.

The U.S. will not renew the USMCA trade agreement, creating an opportunity for new negotiations with Canada and Mexico. President Donald Trump's main concern with USMCA is America's trade deficits with these countries, according to a senior administration official.

The U.S. is skipping the renewal of the USMCA trade agreement, opting for annual negotiations instead. Trade Representative Jamieson Greer stated the U.S. is not ready to automatically renew the pact, initiating a 10-year review period before its expiration.

A new survey indicates bipartisan support for the Trump-led trade deal with Canada and Mexico, known as USMCA, despite the president's efforts to renegotiate its terms.

The article examines the key issues and potential outcomes in the USMCA negotiations. It highlights the significance of the agreement among the United States, Mexico, and Canada.