Sources: The U.S. Trade Representative has indicated to Mexican businesses that there will be no return to a zero-tariff era.

According to four industry sources familiar with the discussions, U.S. Trade Representative Greer has informed Mexico's auto and steel industries that they should not expect the renegotiation of the U.S.-Mexico-Canada Agreement (USMCA) to remove the tariffs imposed on their industries by President Trump. Greer made these remarks on Monday at a meeting in Mexico City with industry organizations and other senior business leaders. The meeting aimed to discuss revisions to the USMCA with the Mexican president and economy minister, whose six-year review period expires on July 1. One source who attended the meeting said, "Greer said the tariffs will remain. President Trump likes tariffs. We will never go back to zero tariffs." The source added that Greer also told the auto industry that U.S. officials are exploring ways to help Mexico, but did not provide specific details. (Jinshi)