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MEXICO
  • Deputy Economy Minister, Luz Maria de la Mora, sees first phase of dispute settlement consultation as opportunity to work with U.S., Canada and understand their positions and differences.
    • De la Mora told Reuters she hopes for a "mutually satisfactory solution" to talks requested by the United States and Canada over what they claim are Mexican energy-related breaches of a regional trade pact.
  • The request for consultations marks the most serious trade spat between Washington and Mexico City since the USMCA trade pact took effect two years ago and if unresolved could ultimately lead to punitive U.S. tariffs.
  • Though De la Mora said Mexico's government would seek to argue that its energy policies are not in breach of the trade deal, her conciliatory tone about seeking a solution that benefits all parties contrasts with Lopez Obrador's defiant push back against the complaints.
  • De la Mora said Mexico would not use a separate trade dispute with Washington over the auto industry as a bargaining chip.
    • "We hope this issue will be resolved before the end of the year and we are very optimistic that we have a very solid case and that we will have a favorable resolution for Mexico," said De la Mora, referring to the auto spat, which includes disagreements over proposed U.S. tax breaks for electric vehicle manufacturing.

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