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Filtering by entity: United States Trade Representative and Ambassador Jamieson Greer | Clear Filter
Summary:A telephone conversation with Mexican President Claudia Sheinbaum was completed, resulting in an agreement to extend existing tariffs on Fentanyl, cars, steel, aluminum, and copper for 90 days. Mexico also agreed to immediately terminate its non-tariff trade barriers. Both parties will negotiate a new trade deal within or potentially beyond the 90-day period, and cooperation on border security, including drugs and illegal immigration, will continue.
Sentiment:Negotiating
Key Claims:
- A very successful telephone conversation was held with Mexican President Claudia Sheinbaum.
- The U.S. and Mexico are increasing their mutual understanding.
- The complexities of a deal with Mexico are unique due to border issues.
- The exact same deal as the last short period was extended for 90 days.
- Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper.
- Mexico has agreed to immediately terminate its Non Tariff Trade Barriers.
- Talks will occur over the next 90 days to sign a trade deal within or beyond that period.
- Key U.S. officials were present at the meeting: JD Vance, Scott Bessent, Marco Rubio, Howard Lutnick, Jamieson Greer, Susie Wiles, and Stephen Miller.
- Continued cooperation on border security, including drugs, drug distribution, and illegal immigration into the United States, will take place.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:5/10
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