Business · Trade · 1 hr ago
Ebrard Says US Tariffs May Not Change Quickly After Elections
Mexico’s economy secretary Marcelo Ebrard said US tariffs may not change quickly after the November 3 elections.
He said the tariffs bring in significant revenue, so a shift in US politics may not lead to a swift policy change.
Mexico is seeking changes to US tariffs on steel, aluminum and cars through ongoing trade negotiations.
Ebrard said Mexico has put forward proposals, but the two sides disagree on some issues and agree on others.
There is no set date for the talks to produce results, which may come in the coming days or weeks.
Ebrard also said trade and investment ties with Canada are in a favorable position, with room to grow.
Mexico’s Economy Secretary Marcelo Ebrard said US election results are unlikely to bring a rapid change in US tariff policy.
He said tariffs generate significant revenue, making a quick policy shift difficult to expect.
Mexico and the United States continue to discuss trade issues, with Mexico presenting proposals and some points still unresolved.
Ebrard said the negotiations could continue beyond the US elections and that there is no set date for results.
The US elections are scheduled for November 3.
- Who
- Marcelo Ebrard, Mexico’s Economy Secretary, discussed US tariffs and trade talks.
- What
- He said the US election results are unlikely to quickly change tariff policy.
- When
- He made the comments on October 27 and 28, ahead of the November 3 elections.
- Where
- The comments concerned trade between Mexico and the United States.
- Why
- Ebrard said tariffs generate significant revenue, so a political shift may not quickly change the policy.
This story does not have two clearly opposing sides.
Ebrard said he spent several days in meetings related to the bilateral trade agenda.
Ebrard said a shift in the US political balance would not necessarily lead to a quick change in tariff policy.
US elections are scheduled to take place.
- US election date
- November 3
- Mexican official
- Marcelo Ebrard, Economy Secretary
- Tariff revenue
- Ebrard said US tariffs generate significant revenue
- Trade talks
- Mexico has presented proposals to the United States
2 sources
What people are saying
The tariffs already generate revenue, very significant revenue, by the way. So assuming that this will change quickly because there is a change in the political balance is probably not what one should expect.
I would say it is not feasible or to be expected that the essential policy of the United States will change drastically from one day to the next.
The conversations are advancing with the arguments Mexico is presenting.