The Mexican government is negotiating with the United States to reduce tariffs from 25% to 12%, in connection with issues such as security, migration, and fentanyl control, according to Deputy Minister of Foreign Trade Luis Rosendo Gutiérrez.
Speaking at the Day of Industry forum, Gutiérrez noted that under current U.S. regulations, tariff reductions could take place if Mexico meets certain commitments related to security and migration.
He added that Mexico also hopes to see lower tariffs under Section 232, which imposes duties on automobiles, steel, aluminum, and copper, so Mexican exports can remain competitive.
Negotiations are ongoing with U.S. officials, including Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick. The goal, said Gutiérrez, is to ensure the tariff reduction benefits Mexican exporters as a whole.
Mexico is also expected to adjust its own tariff policies in line with U.S. agreements with China, aiming to strengthen regional supply chains and support domestic industries.
Removal of Non-Tariff Barriers
Mexico’s Ministry of Economy, along with other agencies, is addressing around 50 issues raised by the U.S. government as part of ongoing trade discussions.
Gutiérrez said these efforts are focused on improving the implementation of the existing trade agreement, with progress already made in areas such as health regulation and intellectual property. He expressed confidence that both sides will fulfill their commitments by the November 1 deadline.
Source: Uniradio Informa
