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Mexico has confirmed that the United States agreed to extend the deadline to reach a trade agreement between the two countries.
Some shit you should know before you dig in: If you’re unaware, the United States and Mexico share one of the world’s largest bilateral trade relationships, with total trade in goods exceeding $860 billion annually. The US exports roughly $320 billion in goods to Mexico each year, with key exports including machinery, electrical equipment, vehicles, mineral fuels, and agricultural products like corn and soybeans. In return, Mexico exports more than $360 billion in goods to the US, led by automobiles, auto parts, machinery, electrical machinery, and fresh produce. While most trade flows duty-freeunder the USMCA, the US had planned to increase tariffs on certain Mexican goods from 25% to 30% (a hike that wastemporarily paused for 90 days starting in July). That pause was set to expire on November 1.
What’s going on now: In a notable development, Mexican President Claudia Sheinbaum announced that she and President Trump agreed to extend the looming tariff deadline by “a few more weeks.” During her daily morning press conference, Sheinbaum said she initiated the conversation with Trump to ensure that both sides remained aligned before the cutoff date. She described the call as “brief” and “cordial,” and stressed that the extension reflects both countries’ ongoing commitment to reaching a resolution.
As of now, no specific new deadline date has been announced, but Sheinbaum confirmed that negotiation teams from both governments will continue working throughout the extended period. Sheinbaum said the discussions will focus on resolving 54 outstanding trade barriers, which include a mix of technical standards, regulatory discrepancies, and sector-specific concerns across agriculture, energy, and industrial goods.
She also expressed confidence that the two sides are “practically closing this issue” and reiterated that Mexico is aiming for a favorable agreement that supports industrial development in emerging sectors such as electric vehicles, semiconductors, and artificial intelligence.
The United States has not issued a public statement in response to Sheinbaum’s announcement.
