Half of all Mexican exports to the US last year did not arrive under North America’s free trade deal and therefore still face an immediate risk of 25 per cent tariffs imposed by President Donald Trump, according to US government data and trade experts.
Most of those goods could meet USMCA trade deal terms by filing extra paperwork, but about 10 per cent of Mexico’s exports to the US — worth about $50bn — will struggle to comply, leaving companies with a dilemma: scramble to switch their supply chains, or wait and see if the tariffs stick.
Trump agreed this month after two days of market turmoil to exempt goods sold under the USMCA from the tariffs he says are needed to restore fairness to the US’s trading relationship with Mexico and Canada.
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