USMCA
Mexico and us to begin formal talks on t-mec review on may 27
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Economy secretary marcelo ebrard announced that committees from mexico and the united states will meet on may 27 in mexico city to start formal conversations on the t-mec review.
The three countries are on track to miss the July 1 deadline to extend the trade pact for 16 years, triggering ongoing annual reviews.
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Mexico and the United States ended the first round of negotiations to review the T-MEC, focused on automotive origin rules and issues of steel and aluminum.
The US Department of Labor announced over $23 million in funding to strengthen labor law enforcement in Mexico. This initiative aims to ensure compliance with the US-Mexico-Canada Agreement (USMCA) labor provisions and benefit both workers and US businesses. The projects will focus on key sectors that directly compete with American industries.
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Mexico's Senate has approved legislation imposing tariffs of up to 50 per cent on more than 1,400 products from Asian countries, primarily targeting Chinese imports to bolster domestic producers. President Claudia Sheinbaum defended the move, stating it supports the 'Plan Mexico' without harming the national economy. Beijing has criticised the duties as damaging to its interests.