Mexico expects to reach tariff agreement with US this week

Mexico expects to reach tariff agreement with US this week
Mexico hopes to reach agreement on tariffs with US. / bne IntelliNews
By bnl Mexico City bureau July 30, 2025

Mexican President Claudia Sheinbaum stated on July 28 that she expects to reach an agreement with the United States this week, days before new tariffs take effect on August 1. The Mexican leader expressed optimism during her regular press conference whilst acknowledging differing positions between both nations.

"There is an agreement that they (United States) signed with Japan, with the European Union yesterday, with other countries, and we expect an agreement this week. So, we will continue reporting," Sheinbaum declared during her morning briefing.

US President Donald Trump announced on July 12 his intention to impose 30% tariffs on Mexican products from August 1, citing the "fentanyl crisis" as justification. However, American institutions report a 50% reduction in synthetic opioid flows into US territory during Sheinbaum's administration, which began on October 1, linked to increased seizures on Mexico's side of the border.

The president categorically denied media reports of US "pressure" to extradite alleged politicians linked to drug trafficking, describing such claims as "absolutely false." She attributed these reports to columnists seeking to project privileged access to information, dismissing them as falsehoods.

Sheinbaum emphasised that no telephone conversations with Trump or other bilateral official communications have requested specific individual extraditions related to political connections or current politicians. The president reiterated the main topics discussed with the American government, including migration policy.

"They have a migration policy. Mexico has developed different actions with respect to human rights to prevent the arrival of people of other nationalities to the northern border. I repeat: within the framework of mobility and respect for human rights," she stated.

Her administration has also requested US recognition for Mexican workers whilst seeking mechanisms for undocumented labourers supporting America's economy to access development opportunities.

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