The Wall Street Journal reports US-Mexico negotiations on a tariff deal have stalled after U.S. Commerce Secretary Lutnick opposed proposed cuts. Sources say the two sides were close to an agreement in which the U.S. would reduce tariffs on steel, aluminum and autos in exchange for Mexican concessions to smooth USMCA renewal. Lutnick objects to large reductions — including a 25% tariff on Mexican-made cars and 50% tariffs on steel and aluminum — and to lowering duties on derivative products (fin

The Wall Street Journal reports US-Mexico negotiations on a tariff deal have stalled after U.S. Commerce Secretary Lutnick opposed proposed cuts. Sources say the two sides were close to an agreement in which the U.S. would reduce tariffs on steel, aluminum and autos in exchange for Mexican concessions to smooth USMCA renewal. Lutnick objects to large reductions — including a 25% tariff on Mexican-made cars and 50% tariffs on steel and aluminum — and to lowering duties on derivative products (finished goods made from steel and aluminum). Officials from both countries say talks continue and deny a deadlock.