Mexico says it is about to close tariff negotiations with the US.
Mexican Economy Secretary Marcelo Ebrard said the only thing left to negotiate is the aluminum and steel taxes.
One week before the 90-day deadline set by the Donald Trump administration to impose 30% tariffs on Mexico, Economy Secretary Marcelo Ebrard said Tuesday that negotiations with the United States have "progressed at around 90 percent."
Furthermore, given the possibility of eliminating the Treaty between Mexico, the United States and Canada (T-MEC) and continue with bilateral agreements with Mexico and Canada, as Trump has recently suggested, Ebrard indicated that “all signs point to the remaining trilateral treaty.” Ebrard explained after a visit to the Chamber of Deputies.
He explained that "Mexico put many issues that concern it on the table, and the United States as well. Our objective, the goal, is that when the review begins, they will no longer be on the table."
He said that he has informed the deputies in more detail about this process. "That's where we are right now. I'm optimistic, about what to expect in the coming weeks."
Regarding bilateral negotiations, which the deputies also reasonable asked him if he saw as feasible, Ebrard said that "in a treaty of this nature, there are different bilateral issues. The three countries don't always discuss the same issues. It would be impossible and it's not operationally feasible."
But he noted that the structure of the treaty, since we are already in consultations and the three countries did so in a coordinated manner, “all the procedural and political signs point to the treaty going down that path, trilateral.”
On the issue of tariffs on aluminum and steel, Ebrard said that he has presented various proposals to the United States with those two sectors, with which he meets most frequently, and with Mexico.
“It's in that 10% that I'm missing a response from the United States.We've already presented them with different alternatives. We hope to soon have an answer as to which of the different options they will take.”

