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Bloomberg Quint

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Image Credit: Bloomberg Quint

Mexico Sure It Will Strike Deal With US To Skirt Tariffs

  • Mexico is confident it will reach a deal with the US to avoid new tariffs, following discussions that have already begun.
  • Mexico and the US established a working group to address security, migration, and economic issues in an effort to find alternatives to tariffs.
  • The US threatened 30% tariffs on Mexico due to lack of progress in combating drug cartels, urging Mexico to challenge cartels and halt the flow of Fentanyl.
  • US-Mexico-Canada free trade agreement compliance may exempt certain goods from tariffs, benefiting sectors like the auto industry; the situation is fluid.

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