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U.S.-MEXICO TRADE TALKS STALL AS LUTNICK RESISTS MAJOR TARIFF CUTS ON AUTOS, STEEL AND ALUMINUM
U.S.-Mexico trade negotiations have stalled after Commerce Secretary Howard Lutnick resisted substantial reductions in U.S. tariffs on Mexican automobiles, steel and aluminum. Washington currently imposes a 25 percent tariff on Mexican vehicles and 50 percent tariffs on steel and aluminum, while Mexico has been seeking significant relief as part of a broader trade arrangement. Despite the setback, officials from both countries say negotiations remain ongoing, meaning the talks have slowed but have not formally collapsed.
BigV•5h ago•1 min read