Mexico Nears "Substantive Agreements" in Trade Talks with U.S.

Mexico is on the cusp of significant trade agreements with the United States, according to Economy Secretary Marcelo Ebrard, who voiced strong optimism about the ongoing negotiations.

"Mexico has put forward many elements, and I would think we are close to substantive agreements," Ebrard stated during a press briefing following the inauguration of InnovaFest Querétaro 2026. While he refrained from setting a specific timeline to avoid being "irresponsible," he confirmed substantial progress and maintained a "reasonable, optimistic" outlook.

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Mexico has put forward many elements, and I would think we are close to substantive agreements.

Key issues on the table include the U.S. Section 232 measures affecting steel and aluminum imports, as well as regulations targeting the automotive sector. Ebrard indicated that Mexico has utilized all available tools to advance these discussions. He also welcomed Canada's positive engagement and progress in its own trade dialogue with the U.S., viewing it as beneficial for overall North American trade integration.

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In each case we have proposed what Mexico considers and we have used all the tools we have to get closer to that agreement.

Despite the positive momentum, Mexico is also addressing specific trade disputes, such as an anti-dumping investigation into its strawberry exports. Ebrard explained that Mexico has a deadline to present its arguments in this case, with the Economy Ministry supporting the affected producers. The U.S. Department of Commerce's preliminary determination of dumping margins has been questioned by the Mexican government.

Ebrard suggested that such trade discussions often intensify when negotiations reach critical stages. Mexico is pursuing its own distinct negotiation strategy while remaining open to collaboration and positive outcomes for the region.

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We see with sympathy that Canada is dialoguing and has progress.