Mexico’s tomato export agreement was first made in 1996, whereby the two governments vowed to control it and resolve US allegations against Mexico concerning “unfair trade” practices. The agreement was updated six years ago to stop an investigation into dumping and settle tariff issues.

The Mexican delegation in Washington expressed disagreement with the tariff announcement and considered it “unfair treatment,” according to a government statement.

Mexico is aiming for a U.S. trade agreement before the Aug. 1 deadline, while the European Union said it is ready to retaliate against any tariffs.

The impact on effective tariff rates is expected to be moderate. BofA estimates these could rise to 4.2% for Canada and 6.9% for Mexico, up from 3.6% and 6.2%, respectively, due to the high share of USMCA-compliant goods in total trade flows.

Mexico’s foreign ministry, in a post on X, said the officials talked about security, migration and trade issues. According to the ministry, Landau, during the call acknowledged the work carried ...

U.S. Trade Representative Katherine Tai's meetings with North American trade partners Canada and Mexico this week will not delve deeply into major disputes over Mexico's biotech corn and energy ...

European trade ministers pledged unity Monday after U.S. President Donald Trump announced 30% tariffs on the European Union.