Extra Pressure on USMCA

Turenna Ramírez Ortiz, who leads the firm's international trade practice in Mexico, was interviewed by Reforma about the upcoming renegotiation of the United States-Mexico-Canada Agreement (USMCA) and the implications of tariffs imposed by the U.S. The Trump Administration announced a new series of measures targeting the pharmaceutical, furniture and heavy-duty truck industries, continuing to add costs on its trade partners who are parties to the trade agreement. Ms. Ramírez Ortiz commented that Mexico should incorporate protections against the imposition of tariffs in the USMCA revisions to safeguard its economy and incentivize compliance with the new terms.

"What would be the point of not complying with the rules of the treaty and the treaty itself? Maintaining and continuing it if you're directly affecting your main trading partner with tariffs that could become increasingly expansive," she said.

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