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Latin America
Mexico's economy minister said the country's effective tariff exposure to the United States will remain unchanged, arguing that USMCA-compliant exports will continue to move duty-free while new U.S. measures replace expiring duties on a limited share of goods.
United States
The United States plans to impose new 10% to 12.5% tariffs on imports from 60 countries, shifting from temporary worldwide levies to a trade-law framework tied to enforcement of forced-labor restrictions.
United States
U.S. Trade Representative Jamieson Greer said Washington hopes to reach separate interim trade arrangements with Mexico and Canada by the end of 2026, while more difficult changes to the North American trade pact are expected to require further work next year.
Latin America
Chinese-brand vehicle sales in Mexico surged nearly 30% in the first half of 2026, capturing 17% of the market despite a 50% tariff imposed in January. The rise has alarmed U.S. officials and become a flashpoint in trade pact negotiations, though Mexican officials argue the data is misleading due to pre-tariff inventory buildups.
