Politics · Mexico · 3 hrs ago
Mexico and US say tariff deal is close, but terms remain unclear
Mexico and the United States say they are close to a trade agreement that could reduce tariffs on cars, steel and aluminium.
Mexican Economy Secretary Marcelo Ebrard said talks were advancing during a visit to Washington.
The tariffs imposed by the Trump administration have affected industries Mexico wants protected through a deal.
US President Donald Trump said any agreement must also be good for the United States, while saying he expects a deal soon.
The terms are not yet clear, and people in Mexico's car industry said they did not know what the proposed agreement would include.
Ebrard did not say whether a postponed fourth bilateral review under the US-Mexico-Canada Agreement would take place in late October.
The governments are still negotiating, and the next steps and any final agreement have not been announced.
Mexico and the United States said they were close to a trade agreement, but the terms had not been made clear.
Mexico is seeking lower US tariffs, especially on cars, steel and aluminum.
Mexico’s Economy Secretary Marcelo Ebrard said talks were advancing while he was in Washington, D.C.
US President Donald Trump said the deal must be very good for the United States or it would not be finalized.
Automotive industry sources said they did not know the possible agreement’s terms.
- Who
- The governments of Mexico and the United States, including Economy Secretary Marcelo Ebrard and President Donald Trump.
- What
- They said talks on a possible trade agreement were advancing and close to a deal. Mexico is seeking lower tariffs on cars, steel and aluminum.
- When
- Friday, October 23, 2026.
- Where
- Washington, D.C., where Ebrard said he was meeting US officials.
- Why
- Mexico wants to reduce US tariffs on cars, steel and aluminum.
Mexico
United States
Tariffs
Mexico
Mexico is seeking lower US tariffs, particularly on cars, steel and aluminum.
United States
Trump said any agreement must be very good for the United States or it would not be finalized.
The US Trade Representative’s office began the process for the 2027 annual review.
A fourth bilateral review meeting under the US-Mexico-Canada Agreement was postponed.
Ebrard said negotiations were advancing while in Washington, D.C., and Trump said a deal with Mexico was close.
- Tariffs at issue
- Cars, steel and aluminum
- Mexico’s negotiator
- Marcelo Ebrard, Economy Secretary
- US president
- Donald Trump
- Ebrard’s location
- Washington, D.C.
- Possible deal terms
- Automotive industry sources said they did not know them
What people are saying
We are advancing in conversations with the United States to try to reach agreements
We are very close to reaching an agreement with Mexico. It will be a very good agreement, I hope, for them. But it has to be a very good agreement for us, otherwise we will not close it
We have all the cards in our favor in both cases