Mexico Sees Similar Trade Deal with US as Canada Talks Near Completion

Mexican Economy Minister Marcelo Ebrard expressed optimism on Friday about the country's trade negotiations with the United States, stating that he expects Mexico to reach understandings similar to those being discussed between Washington and Ottawa. Speaking in Mexico City, Ebrard emphasized that Mexico is pursuing its own track with the US and will assess the final terms of any US-Canada arrangement before making a full evaluation.

The comments come as the US and Canada work to finalize a tentative deal, which has paused planned 50% tariffs on Canadian goods. Canadian Prime Minister Mark Carney said the two sides have made 'substantial progress,' but warned that important work remains.

Negotiators are focusing on resolving bilateral trade disputes, including US complaints about Canada's dairy quota system and provincial restrictions on US alcohol sales. They are also trying to bridge differences over possible cuts to US auto tariffs. These talks are separate from the broader 2026 review of the US-Mexico-Canada Agreement.

The US has described recent talks with Mexico as 'constructive,' pointing to progress on steel, aluminum, and efforts to replace Asian imports with more North American production.