Mexico and the US are close to agreeing to lower or eliminate Trump's 50% steel tariffs

US-Mexico Steel Tariff Negotiations: The United States and Mexico are negotiating a potential deal to reduce or eliminate 50% tariffs on Mexican steel imports, possibly implementing a quota system that allows limited tariff-free imports.

Mexico's Response to Tariffs: Mexico's Secretary of Economy, Marcelo Ebrard, criticized the tariffs as unfair and unsustainable, indicating that Mexico has a backup plan if negotiations do not lead to an exemption from the increased tariffs.