The Secretary of Economy, Marcelo Ebrard, is scheduled to travel this Thursday to Washington, D.C., where he will hold high-level meetings with officials from the U.S. administration. The objective of these meetings is to continue the bilateral dialogue and prevent the imposition of tariffs announced by Donald Trump. During a cabinet meeting held this Wednesday, President Trump confirmed that tariffs on Mexico and Canada will come into effect on April 2nd. In light of this situation, Secretary Ebrard has taken steps to pave the way for these negotiations. The initial technical meeting that Ebrard will hold will be with Jamieson Greer, the U.S. Trade Representative, recently confirmed by the Senate. Subsequently, the Secretary will meet with Commerce Secretary Howard Lutnick to continue negotiations. The Ministry of Economy has indicated that bilateral trade under the USMCA has benefited both economies and that protectionist measures could have negative consequences for the productive sectors of Mexico and the United States. Commerce Secretary Howard Lutnick explained at a conference that Canada and Mexico were granted a 30-day extension to demonstrate that they were successfully stopping the flow of fentanyl into the United States and the passage of migrants, and that the decision to implement tariffs would depend on this. Trump's comments on the timing of the application of tariffs on Mexico and other nations have generated uncertainty in global markets. The president's ambiguous comments have led to fluctuations in the Mexican peso and the Canadian dollar, reflecting investors' uncertainty regarding Trump's tariff policy.
