Mexico Confident of Making Progress on Trade Negotiations with the US

Mexico feels more optimistic that it will be able to get the US to remove tariffs on steel and aluminum soon

US-Mexico Trade

China and US may be nowhere near finalizing a trade deal yet, but Mexico feels more optimistic that it will be able to get the US to remove tariffs on steel and aluminum soon. Mexican Economy Minister Graciela Marquez confirmed on Tuesday that US and Mexico are getting closer to negotiating lifting of these tariffs.

After Trump imposed tariffs on steel and aluminum imports, Mexico and Canada had announced retaliatory tariffs on US imports. Once this issue is out of the way, the three countries could get closer towards ratification of the USMCA – the updated NAFTA trade agreement.

Canadian Foreign Minister Chrystia Freeland is also due to visit Washington on Wednesday to meet with Trade Representative Robert Lighthizer and hold talks about trade and the USMCA.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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