Fri, 19 Sep 2025

Fri, 19 Sep 2025 Canada and Mexico agree to deepen ties amid Trump trade war

The two also commit to a shared partnership with the US ahead of a review of a key North American free trade agreement.

* Trade: + Canada and Mexico have agreed to deepen their trade ties, with a focus on increasing cooperation on trade. + The two countries aim to boost trade between them, which was valued at C$56bn in 2024.
* Security: + The leaders discussed border security and "transnational organised crime", an issue that has been cited by Trump as a reason for tariffs.
* Shared partnership with the US: + Canada's Prime Minister Mark Carney and Mexican President Claudia Sheinbaum have expressed their commitment to maintaining a strong relationship with the US. + They stated that they believe a shared partnership between the three countries will make them all stronger.
* Tariffs: + The agreement aims to address the issue of tariffs imposed by the US on Canadian steel (50%) and some Mexican pharmaceuticals (25%). + Carney said that most goods are exempt from these tariffs, and the average tariff rate for Canada is about 5.6%.
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