World Economy

Mexico Pursues Tariff Relief Deal With US Before Year End

Mexico's ambassador to the United States expressed confidence Thursday that negotiations could yield a trade agreement lowering tariffs on automobiles and aluminum by year end. The diplomatic overture comes as bilateral commerce continues to surge. U.S.-Mexico trade reached nearly $95 billion in monthly volume during mid-year, reflecting a 27.5% year-over-year increase. Tariff discussions between Washington and Mexico follow broader trade tensions affecting North American supply chains. The potential agreement would address key manufacturing sectors integral to cross-border production networks.