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Mexico presses US on auto, steel tariffs in meeting with Lutnick

Created at 2 Sep · 2:54 PM1 source↑ Market-relevant
IN SHORT

Mexico's Economy Minister Marcelo Ebrard met with U.S. Commerce Secretary Howard Lutnick to discuss U.S. tariffs on steel, aluminum, and automobiles, which Mexico argues are unjustified and counter to integrated manufacturing supply chains.

Who's Involved

Marcelo Ebrard
Mexico's Economy Minister
Howard Lutnick
U.S. Commerce Secretary
Claudia Sheinbaum
President of Mexico
Mexico presses US on auto, steel tariffs in meeting with Lutnick

↳ Why This Matters

The discussions are critical for resolving trade disputes that impact key sectors of the North American economy and could influence the ongoing review of the USMCA trade agreement.

Key facts

  • Mexico's Economy Minister Marcelo Ebrard met with U.S. Commerce Secretary Howard Lutnick.
  • Mexico is seeking resolution on U.S. tariffs imposed on steel, aluminum, and automobiles.
  • Mexico argues these tariffs are unjustified and contradict the spirit of integrated North American manufacturing supply chains.
  • The discussion also covered bilateral trade and regional technological innovation.
  • The meeting took place on the sidelines of a G20 innovation gathering in North Carolina.

Mexico's Economy Minister Marcelo Ebrard met with U.S. Commerce Secretary Howard Lutnick to press for progress on U.S. tariffs affecting automobiles, steel, and aluminum. The meeting, held on the sidelines of a G20 innovation gathering in Chapel Hill, North Carolina, addressed a key point of friction in the bilateral trade relationship.

President Claudia Sheinbaum stated that Ebrard was in the United States to seek agreements on these tariffs. Mexico's economy ministry confirmed that discussions also encompassed broader bilateral trade and regional technological innovation. These talks are occurring amidst ongoing negotiations related to the review of the United States-Mexico-Canada Agreement (USMCA).

Mexico has contended that the U.S. tariffs on steel and aluminum are unwarranted and has also raised objections to measures impacting the automotive sector, asserting that they undermine the integrated manufacturing supply chains within North America.

Frequently asked questions

The main purpose was for Mexico to press the U.S. for progress on tariffs affecting automobiles, steel, and aluminum.

The meeting took place in Chapel Hill, North Carolina, on the sidelines of a G20 innovation gathering.

The ministers also discussed bilateral trade and regional technological innovation.

Mexico argues that the U.S. tariffs on steel and aluminum are unjustified and that measures affecting automobiles run counter to integrated manufacturing supply chains.

What Happens Next

01Further negotiations related to the USMCA trade agreement review are expected.

How It Developed

Mexico's Economy Minister Marcelo Ebrard met with U.S. Commerce Secretary Howard Lutnick.
Mexico pushed for progress on U.S. tariffs on cars and steel.
The ministers also discussed bilateral trade and regional technological innovation.
The meeting occurred during a G20 innovation gathering hosted by Lutnick in North Carolina.
The talks coincide with ongoing negotiations related to the USMCA trade agreement review.

Sources

T1
Mexico presses US on auto, steel tariffs in meeting with LutnickReuters

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