US Decision on Auto Tariffs Welcomed by Mexico

In a significant development for North American trade relations, Mexican President Claudia Sheinbaum has praised the United States' decision to relax auto tariffs. This move, she stated, represents "a step forward compared to the tariffs initially imposed." The adjustment addresses previous issues where exporters faced double charges—once for the vehicle and again for materials such as steel and aluminum.

USMCA Trade Deal Gains Recognition

President Sheinbaum highlighted the importance of recognizing auto parts produced across North America for tariff discounts, viewing it as a gesture of respect towards the USMCA trade agreement. Despite this progress, she mentioned that certain aspects of the agreement, including a planned two-year reimbursement to automakers, are still under review.

Ongoing Dialogue Between US and Mexico

The Mexican leader emphasized the continued active and constructive dialogue between the trade teams of both countries. This comes in the wake of US President Donald Trump's executive orders, which aimed to provide short-term support during a transitional period by easing the previously imposed 25% auto tariffs.