President Claudia Sheinbaum expressed optimism this Wednesday regarding the review of the Trade Treaty (T-MEC) with the United States and Canada, by highlighting the “good attitude” from Washington after the installation of the first formal working table, despite the doubts raised by U.S. President Donald Trump. “We know what the tariffs on cars, steel, and aluminum have meant for the national economy and for many of its companies, but let's not lose hope that all of this can be renegotiated in this new stage and there is really a good attitude from the Government of the United States,” affirmed the head of state from Monterrey. Sheinbaum participated in the 82nd Annual Assembly of the Chamber of the Transformation Industry (Caintra), Nuevo León, held in Monterrey. “Something very important is that there is already a formal working table for the review of the Treaty,” she said during the meeting. The United States and Mexico began in-person negotiations last week in Washington for the review of the free trade agreement T-MEC, which also includes Canada, an uncertain process due to the tariff war from President Trump. The head of state assured that there is much expectation for Mexico in this upcoming review of T-MEC, but pointed out that she hopes the trade pact will come out strengthened among the three North American partners. She also spoke about the crisis being experienced worldwide due to the rising price of oil due to the situation in the Middle East. “We are living in a complex world and if four weeks ago they had told us that the price of oil was going to be over 100 dollars a barrel, nobody would have believed it,” she noted. Among others, present at the event were the Secretary of Economy, Marcelo Ebrard; the governor of Nuevo León, Samuel García; the mayor of Monterrey, Adrián de la Garza Santos; and the president of Caintra Nuevo León, Jorge Santos Reyna. In recent months, Ebrard has traveled recurrently to the U.S. capital to prepare the review of T-MEC, a treaty that came into force on July 1, 2020, and in 2026 the United States, Mexico, and Canada must decide if they renew it. T-MEC, which encompasses 30% of the world's economy, was negotiated during Trump's first term and came into effect in 2020, replacing the North American Free Trade Agreement (NAFTA), which the Republican considered detrimental to the United States.
