
President Sheinbaum is trying to do something deceptively hard: keep the USMCA conversation trilateral while Washington and Ottawa drift toward a more openly adversarial posture. At the same time, Economy Minister Marcelo Ebrard is set to travel to Washington next week to follow up on trade discussions, as Mexican officials continue ongoing coordination with U.S. counterparts on trade and security issues.
The effort comes as the USMCA has become increasingly central to Mexico’s export performance amid U.S. tariff volatility. In 2025, a growing share of Mexican exports entered the U.S. market under USMCA provisions, helping sustain export volumes as the United States raised tariffs on goods from non-USMCA countries. While the agreement has cushioned the impact for many sectors, uneven outcomes in autos, steel, and aluminum underscore why Mexico is prioritizing continuity and stability as the formal review process approaches.
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