Mexico holding talks with U.S. ahead of tariff pause deadline

Starting with the tariff talks between the U.S. and Mexico As the deadline for the exemption of U.S. tariffs on Mexican goods approaches, negotiations are taking place to reach a mutually beneficial trade agreement.

On Tuesday local time, Mexican President Claudia Sheinbaum said discussions with the U.S. are underway, aiming to prevent the imposition of tariffs on Mexican exports.

This follows a previous agreement in early February, where both nations consented to a one-month suspension of tariffs, set to expire on March 4.

The proposed U.S. tariffs include a 25% duty on all imports from Mexico. Mexico currently sends approximately 80% of its exports to the United States.

President Donald Trump has stated that these tariffs are "on time" and "on schedule" to commence as planned.

In response, President Sheinbaum expressed optimism about reaching a resolution but has also indicated that Mexico is prepared to implement retaliatory tariffs if necessary.