Canada, Mexico to discuss trade amid US tariffs: Report

By Yasin Gungor

ISTANBUL (AA) - Canadian Finance Minister Francois-Philippe Champagne and Foreign Minister Anita Anand will travel to Mexico City this week to discuss trade with Mexican officials, The Globe and Mail reported Sunday.

The senior Cabinet ministers are also expected to meet with Mexican President Claudia Sheinbaum, according to sources familiar with the planning cited by the newspaper.

The two-day talks beginning Tuesday will address trade and broader bilateral relations between the countries, the report said.

The meeting comes as both nations face escalating US tariffs under different circumstances. Canada saw its tariffs increase to 35% from 25% after talks with Washington failed to reach an agreement.

Canadian Prime Minister Mark Carney and Sheinbaum discussed strengthening trade collaboration and respecting the United States-Mexico-Canada Agreement framework in July.

Mexico, however, secured a 90-day extension to continue trade negotiations without immediate tariff increases. Sheinbaum said Thursday that Mexico reached an agreement with US President Donald Trump to delay 30% tariffs without making concessions.

Mexico ranks among Canada's biggest trade partners, with over $49.7 billion in two-way merchandise trade in 2022, according to data from the Mexican Foreign Ministry. Mexico exported $22.2 billion to Canada that year, making Canada its second-largest global export partner.