Sheinbaum Says US Extending Deadline on Trade Deal for Several Weeks

Trade Relations & Tariffs - The U S is reportedly willing to extend the trade deadline with Mexico for several weeks amid ongoing conversations [2] - Mexico currently faces a 25% tariff on non-USMCA compliant goods [4] - The threat of tariffs on Mexico had been that the rate could increase to 30% [4] - Tariffs imposed on Mexico are related to fentanyl concerns and border issues, not reciprocal trade [5] - A 35% tariff is in place on non-USMCA compliant goods [7] - There is a 50% tariff on Canadian steel and aluminum [7] USMCA & Trade Agreement Implications - The U S-Mexico trade relationship is being given preferential treatment compared to Canada, according to President Trump [4] - It remains uncertain whether the additional 10% tariff will extend to USMCA compliant goods [7] - The U S is closely monitoring potential concessions from Mexico to meet President Trump's demands [6]