LatinNews Daily - 29 January 2026

*Mexico’s Economy Minister Marcelo Ebrard has held meetings in Washington with US Secretary of Commerce Howard Lutnick and US Trade Representative Jamieson Greer to discuss trade and investment. The meeting with Greer produced the announcement that the two sides had agreed to begin formal discussions on possible structural and strategic reforms in the context of the first joint review of the US-Mexico-Canada Agreement (USMCA) which is scheduled for this year. According to a statement by Mexico’s economy ministry (SE), in Ebrard’s meeting with Greer, both sides “highlighted the progress made in recent months” and discussed, among other things, the development of the automotive industry, bilateral goods trade, cooperation on critical minerals, and strengthening the security and resilience of supply chains. According to a USTR statement on the meeting, issues for the joint review include “stronger rules of origin for key industrial goods, enhanced collaboration on critical minerals, and increased external trade policy alignment to defend workers and producers in the United States and Mexico and to combat the relentless dumping of manufactured goods in our region”. According to the SE statement, in Ebrard’s meeting with Lutnick, which it described as “constructive and positive”, the two men discussed bilateral “trade and investment” without providing further details. US President Donald Trump has previously indicated that he is willing to walk away from the USMCA if he is not happy, while both Mexico and Canada are adamant that the deal should remain in place.

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