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Originally published by Capital Business
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business
September 19, 2025
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Canada and Mexico agree to deepen ties amid Trump trade war

Canada and Mexico agree to deepen ties amid Trump trade war

SEPT 19 - Canada and Mexico have agreed to deepen ties, vowing closer cooperation on trade and security, as both countries grapple with rising economic Kenya breaking news | Kenya news today |..

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Canada and Mexico have agreed to deepen their trade and security ties, a move seen as a response to rising economic pressure from the United States. This renewed cooperation follows a meeting in Mexico City between Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum.

  • Trade between Canada and Mexico was valued at C$56bn ($40.5bn; £30bn) in 2024.
  • The United States has imposed tariffs, including 50% on Canadian steel and a 25% "fentanyl tariff" on Mexico.
  • The United States-Canada-Mexico (USMCA) free trade agreement is up for review in 2026.

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Nations Engage in Bilateral and Multilateral Trade Discussions - September 2025

Canada and Mexico have agreed to deepen their trade and security ties following a meeting in Mexico City between Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum. This move is seen as a response to rising economic pressure from the United States. In Africa, the upcoming 24th Common Market for Eastern and Southern Africa (COMESA) Summit in Nairobi will focus on digitization and cross-border trade. Meanwhile, a potential deal regarding TikTok's US operations is nearing, with US President Donald Trump and Chinese President Xi Jinping set to discuss terms. This agreement, which could be a "rare breakthrough" in US-China trade negotiations, may involve selling TikTok's US business to a consortium of American firms.

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