As North America moves toward the 2026 USMCA review, Mexico is entering the process with a high level of industry participation. Over the past weeks, closed-door consultations convened by the Mexican Senate and the Ministry of Economy gathered input from over a dozen strategic industries.
Senators emphasized that Mexico must firmly resist the reimposition of U.S. tariffs on steel and aluminum, noting that recent unilateral measures have already increased costs across multiple supply chains. Industry speakers underscored that these tariffs, often justified through IEEPA or national security arguments, pose an immediate threat to competitiveness and could become leverage in the review process if Mexico does not adopt a unified stance.
Three cross-cutting themes emerged across consultations.
In parallel, Mexico faces pending bilateral issues with the U.S., from spectrum fees to food labeling rules, while nationwide protests and renewed scrutiny of the country’s security strategy add political pressure ahead of the review.
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