US and Mexican negotiators are deadlocked over steel and aluminum tariffs, with
talks cooling in recent days and a potential agreement now likely to be delayed
until after the US midterm elections. The impasse centers on duties applied to
downstream steel and aluminum products, which cover a significant portion of
Mexico’s economy. Mexico has indicated it will not sign a deal without tariff
relief; US negotiator Lutnick’s counterproposal did not resolve Mexico’s core
concerns, according to sources.
