The Briefing:
- At the G20 Trade Ministerial in Milwaukee, Economy Secretary Marcelo Ebrard said Mexico is "closer every day" to new agreements with Washington after a near-hour bilateral session with U.S. Trade Representative Jamieson Greer on October 1.
- Mexico's core unresolved demands: reducing the 25% tariff on cars and the 50% levy on steel and aluminum that have remained in place since the July 2025 trade arrangement.
- With Canada's negotiations suspended since August 22, Mexico is the only party actively advancing formal USMCA review negotiations with the United States.
- $30.76 billion in remittances reached Mexico in the first half of 2026 — a lifeline tethered to U.S. manufacturing employment, which depends on whether both governments can reach a durable trade framework.
