Mexico News Updates

Dominic LeBlanc told a business audience in Toronto that he will meet with U.S. Trade Representative Jamieson Greer late next week in Washington ahead of the mandatory review of the USMCA in July.

Ford has a plant in Chihuahua, GM and Stellantis operate five in Coahuila, Nissan has production in Aguascalientes while Guanajuato is home to complexes for GM, Ford, Honda, Mazda, Toyota and VW. 

President Trump introduced 25% tariffs on U.S. imports of medium- and heavy-duty trucks and parts on Nov. 1 as he seeks to reorient trade flows, although the full details are yet to emerge.

The rollback plans were reported earlier by the Financial Times. Aluminum and other metals fell following the report, while shares of U.S. steelmakers and aluminum producers sank.

Uncertainty over the future of the deal has intensified, with the president asking aides why he should not withdraw from the agreement, according to people familiar with those discussions.

The president has asked aides why he shouldn’t withdraw from the pact, which he signed during his first term, though he has stopped short of flatly signaling that he will do so, Bloomberg reports.

The outlook points to the challenges facing incoming Coca-Cola CEO Henrique Braun as the company works to win over shoppers with its widening portfolio of beverages.

The rise in fuel production is being driven largely by the ramp-up of the Dos Bocas plant. The refinery operated at 77.5% of its installed capacity in December, its best performance to date.

Commercial truck drivers holding B-1 visas can haul freight between the U.S. and Mexico but are prohibited from domestic U.S. transport of goods, even if those goods are foreign in origin.

U.S. Commerce Secretary Howard Lutnick dismissed as “political noise” the moves in recent days by Canada’s Prime Minister Mark Carney to strengthen trade relations with China.