U.S.-Mexico tariff negotiations have stalled after U.S. Commerce Secretary Lutnick opposed deep cuts to tariffs on cars, steel and aluminum products made in Mexico, according to The Wall Street Journal, which cited people familiar with the matter. The update was carried by ChainCatcher as a brief policy and regulation news item. The report did not provide additional details on the status of the talks beyond saying the disagreement has held up progress on a tariff agreement between the two countries. Products named in the report included automobiles, steel and aluminum from Mexico.
U.S.-Mexico tariff agreement talks have stalled after U.S. Commerce Secretary Lutnick opposed steep reductions in tariffs on cars, steel and aluminum products made in Mexico, according to The Wall Street Journal, citing people familiar with the matter.
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