Canadian Prime Minister Mark Carney to Meet Mexican President Claudia Sheinbaum

TORONTO (AP) — In a significant diplomatic move, Canadian Prime Minister Mark Carney is scheduled to visit Mexico in September for discussions with Mexican President Claudia Sheinbaum. A senior official, who spoke on condition of anonymity, confirmed the upcoming meeting.

Context and Strategic Importance

This meeting occurs amidst ongoing challenges related to U.S. tariffs and as both nations prepare for a crucial review of the trilateral free trade agreement next year, which includes the United States, Mexico, and Canada.

Recent Diplomatic Engagements

Earlier this month, Carney dispatched both his foreign minister and finance minister to Mexico for preliminary talks with Sheinbaum. Their discussions aimed to diversify trade and included meetings with various business leaders from both countries, highlighting a focus on North America’s integrated economy, trade infrastructure, and supply chains.

Historical Context

Claudia Sheinbaum had previously visited Canada during the G7 summit in Alberta in June, further solidifying the diplomatic ties between the two nations.

Trade Agreements and Tariffs

Goods that adhere to the 2020 United States-Mexico-Canada Agreement (USMCA), negotiated by former U.S. President Donald Trump, are exempt from specific U.S. tariffs. However, various sector-specific tariffs, known as 232 tariffs, are enforcing a 50% tariff on steel and aluminum imports and a 25% tariff on automotive products, which continue to impact trade dynamics.

Trade Relations Snapshot

Currently, Mexico ranks as Canada’s third-largest trading partner, following the United States and China, while Canada holds the position of Mexico’s fifth-largest trading partner as of 2024.

As both nations navigate these complexities, the upcoming meeting between Carney and Sheinbaum is poised to play a pivotal role in reinforcing their trade relations and addressing mutual concerns over current tariffs.