Commodities April 22, 2026 07:30 PM

Mexico Accepts Tariff Reality as USMCA Talks Loom, Economy Minister Says

Marcelo Ebrard signals tariffs on autos, steel and aluminum are likely to persist while Mexico seeks reductions during USMCA renegotiation

By Avery Klein
Mexico Accepts Tariff Reality as USMCA Talks Loom, Economy Minister Says

Mexico’s Economy Minister Marcelo Ebrard acknowledged that tariffs affecting the country’s automotive, steel and aluminum sectors are unlikely to be fully removed, even if the U.S.-Mexico-Canada trade agreement is renegotiated. Ebrard said Mexico will aim to reduce duties rather than return to a tariff-free environment as talks with U.S. counterparts prepare to begin the week of May 25.

Key Points

  • Mexico’s Economy Minister Marcelo Ebrard said tariffs on automotive, steel and aluminum are likely to remain and the country will seek reductions rather than a return to zero tariffs.
  • U.S. Trade Representative Jamieson Greer signaled that President Donald Trump intends to keep tariffs in place and does not plan to revert to a tariff-free approach.
  • Current U.S. duties include a 25% national security tariff on automotive imports from Mexico and Canada, a 50% duty on commodity steel and aluminum products, and a 25% duty on derivative goods containing at least 15% of those metals by weight.

Mexico’s Economy Minister Marcelo Ebrard said on Wednesday that the era of no tariffs is unlikely to return, and that duties targeting automotive, steel and aluminum products are expected to remain even if the U.S.-Mexico-Canada Agreement (USMCA) is revisited.

Speaking on the sidelines of an event, Ebrard told reporters: "We shouldn’t be nostalgic about a time when there were no tariffs." He added: "When it comes to the automotive industry, steel and aluminum—which have been our priority—we know it is very difficult to think that tariffs will disappear. What we are looking for is how to reduce them."

Those remarks followed a separate message from U.S. Trade Representative Jamieson Greer earlier in the week, in which Greer told Mexico’s auto and steel sectors they should not expect the renegotiation of USMCA to remove existing tariffs on those industries. Ebrard, who will lead Mexico’s side in talks with the United States aimed at revamping USMCA starting the week of May 25, said Greer conveyed the same position to Mexican business leaders and reiterated it to U.S. lawmakers.

"The world - the global trading system we had, based on free trade - is very unlikely to return," Ebrard said in his comments.


U.S. commitment to tariffs

Greer told the U.S. House of Representatives Ways and Means Committee that President Donald Trump intends to keep tariffs in place on imports to the United States and that his trade policies remain unchanged. Greer said: "He’s not going to go back to the old situation where we had no tariffs and we just let foreign goods made by foreign workers come in without any fee to the detriment of domestic workers. The president will have tariffs using appropriate legal tools."

Mexico and Canada have viewed USMCA renegotiations as a potential avenue to ease the steep duties imposed last year, which have created difficulties for automakers and other industries operating in a highly integrated North American economy. In contrast to the zero tariff treatment under USMCA, the United States last year applied a 25% national security tariff on automotive imports from Mexico and Canada.

Automakers point out that the value of U.S. content can be deducted from the import value of vehicles and parts, but they maintain that the 25% duty places Mexico and Canada at a competitive disadvantage relative to other major car-producing markets. For comparison, vehicles from Japan, South Korea and the European Union face a 15% tariff when entering the United States, while cars from Britain are charged 10%.

Mexico’s steel industry is also subject to heavy U.S. duties: a 50% tariff on commodity steel and aluminum products, and a 25% duty on derivative goods that contain at least 15% of those metals by weight.


Outlook for negotiations

Ebrard’s comments frame Mexico’s strategy for upcoming negotiations as pragmatic - seeking reductions rather than a full rollback of tariffs. With talks scheduled to begin the week of May 25, the focus from Mexico’s perspective will be on how to alleviate the burden these duties impose on key sectors while accepting that a return to a tariff-free environment is unlikely.

Note: The information in this report reflects statements made by the officials named and the current tariff measures in place as described.

Risks

  • Ongoing tariffs could continue to strain North American automakers and parts suppliers that operate across Mexico, the United States and Canada, affecting production costs and competitiveness.
  • High U.S. duties on steel and aluminum may keep input costs elevated for industries that rely on these metals, including manufacturing and construction sectors.
  • If tariffs remain in place, companies in Mexico and Canada could face competitive disadvantages relative to car exporters from regions with lower U.S. tariff rates, such as Japan, South Korea and the European Union.

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