Economy

Breaking: Mexico Pledges to Fully Open Markets, A Major Win for US Producers

Historic Agreement Between US and Mexico

In a landmark announcement, United States Commerce Secretary Howard Lutnick revealed that Mexico has agreed to fully open its markets, including the removal of non-tariff trade barriers. This move is hailed as a significant victory for US producers, with existing tariffs remaining unchanged.

Positive Dialogue Between Leaders

The recent discussion between President Donald Trump and Mexican President Claudia Sheinbaum was described by Lutnick as "very positive and constructive." Mexico has acknowledged the importance of addressing critical issues such as the fentanyl crisis, illegal immigration, and its substantial trade deficit in any forthcoming agreement.

Future Collaboration

Both nations have committed to a 90-day period of collaboration to explore sustainable solutions to these pressing challenges. This partnership aims to forge an agreement that resolves these issues definitively.