Mexican President, Claudia Sheinbaum, stated that the 2 countries are close to a trade agreement
The president of Mexico, (Morena, left), said this Monday (27.Oct.2025) that she spoke with the President of the United States, Donald Trump (Republican Party), on Saturday and that they both agreed to extend for “a few more weeks” the deadline for a new trade agreement between the 2 countries.
In July, the US government had the increase in tariffs on some Mexican products – from 25% to 30% – while the parties negotiated. The deadline would end on November 1st. The information is from .
“My interest was to ensure that November 1st did not arrive without us having communicated and without there being agreement that our teams were still working”Sheinbaum told reporters.
According to her, the objective is to conclude 54 trade issues before reviewing the free trade agreement, which also includes Canada and will be reevaluated in 2026. “We are practically closing this issue”he stated. After the announcement, the Mexican peso appreciated 0.29%, quoted at 18.38 per dollar.
In early October, Sheinbaum declared its confidence that Mexico will reach a favorable agreement with Washington and highlighted advances in electric vehicle, semiconductor, satellite, drone and artificial intelligence projects.
Trump announced on Friday (Oct 24) the with Canada, claiming dissatisfaction with the progress of the talks. Asked about the impact of this decision, Sheinbaum said: “Let’s not get ahead of ourselves”.
