Mon Oct 27 18:19:49 UTC 2025: FOR IMMEDIATE RELEASE

Mexico and U.S. Extend Trade Deadline Amid Ongoing Negotiations

Mexico City – Mexican President Claudia Sheinbaum and U.S. President Donald Trump have agreed to extend a crucial trade deadline for several weeks, providing more time for negotiations on outstanding trade issues. The announcement comes as the initial 90-day pause on increased tariffs on some Mexican goods was set to expire this week.

“I was interested in making sure that November 1 didn’t arrive without us having communicated and that we were in agreement that our teams were still working,” Sheinbaum stated during a press conference on Monday. She added that the two countries are focused on resolving 54 outstanding trade barriers and are “practically closing this issue.”

The news was welcomed by the markets, with the Mexican peso strengthening 0.29 percent against the US dollar.

Mexico has been relatively shielded from the brunt of Trump administration tariffs due to the United States-Mexico-Canada Agreement (USMCA), a trade pact that is slated for review next year. President Sheinbaum expressed confidence in reaching a favorable agreement with the U.S., emphasizing Mexico’s advancements in projects related to electric vehicles, semiconductors, and artificial intelligence.

While the U.S. recently ended trade talks with Canada, citing frustration with negotiations, President Sheinbaum remained cautious when questioned about potential separate negotiations between Mexico and Canada, stating, “Let’s not get ahead of ourselves.”

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