- Trump indicated he may not renew NAFTA/USMCA, while US imports of cattle and beef from Mexico and Canada increased.
- Jamieson Greer pledged to work with Mexico and Canada to fix shortcomings in the NAFTA trade pact.
- USMCA talks are underway in Mexico City, with Donald Trump expressing dissatisfaction and Jamieson Greer engaging with Mexico to address trade pact shortcomings.
- Donald Trump engaged in continental trade talks in Mexico City, threatening tariffs on Canadian goods and advocating for American company privilege in USMCA.
Mexican Business Lobby Proposes US Fuel Purchases to Secure Tariff Cuts
What happened
CCE, Mexico’s top business lobby, proposed that Mexico purchase more American oil, gas, gasoline, and diesel. This proposal aims to help address the US trade deficit with Mexico and secure tariff cuts on goods such as cars, steel, aluminum, and copper. The plan suggests a possible trade-off: increased American fuel sales in exchange for lower tariffs.
From riotimesonline.com
Why it matters
The proposal directly addresses a chief concern of Donald Trump regarding the trade deficit. It offers a mechanism to narrow the deficit while seeking to maintain the North American trade pact and achieve tariff reductions.
USMCA talks are currently underway in Mexico City, amid discussions about trade pact shortcomings and threats of tariffs on Canadian goods.
From riotimesonline.com
Who's involved
- CCEMexico's top business lobby proposing the fuel purchase to secure tariff cuts.
- Donald TrumpThe US President whose concerns regarding the trade deficit the proposal addresses.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Ministry of EnergySpeculative
The Ministry of Energy might need to adjust its national fuel sourcing and trade policy in response to the proposed shift.
Keep exploring
The entities involved
- CCE
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)