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US-Mexico trade talks stall over steel and aluminum tariffs

US-Mexico trade negotiations have stalled over steel and aluminum tariffs, dashing optimism that a deal was near and pushing major progress to possibly after the midterm elections, people familiar said. US officials including Commerce Secretary Lutnick objected to Mexico’s demand for lower metals tariffs. Talks, previously led by US Trade Representative Greer, cooled as Lutnick sought a bigger role; his proposals failed to address Mexican concerns.

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AI take

The procedural wrinkle matters as much as the substance: a shift in who leads the US side, and proposals that miss Mexican concerns, suggests the bottleneck is internal US positioning rather than the tariff question itself. For cross-border manufacturers and metals supply chains, the delay extends the period of tariff-inclusive cost planning. Whether the talks resume on the same track after the midterms, or whether leadership changes again, is the open question worth watching.

Generated by AI for reference only.

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