Speaking at a press conference following what she described as a “very good” meeting with Canada’s Foreign Minister Anita Anand and Finance Minister Francois-Philippe Champagne in Mexico City, Sheinbaum stated, “Of course, we have USMCA, but we also want to continue attracting investments from Canadian companies.”
Sheinbaum noted that both countries agreed to increase Canadian investment in Mexico, enhance direct trade, and advance cooperation in education. During Tuesday’s talks, Canada’s mining activities in Mexico and their environmental impacts were also discussed.
“We made it clear that mining companies and Canadian firms must fully comply with environmental impact assessment requirements,” Sheinbaum emphasized, adding that discussions on strengthening regulations in this area are ongoing.
The meeting also covered preparations for a planned visit to Mexico by Canadian Prime Minister Mark Carney, though the exact date has not yet been announced.
Despite the USMCA agreement, which is expected to be reviewed in 2026, both countries continue to be affected by the U.S. global tariffs on automotive, aluminum, and steel exports. Additionally, U.S. President Donald Trump reportedly decided to increase customs duties on imports from Canada from 25% to 35%, effective August 1. However, Trump also agreed to extend the current tariffs on Mexico for another 90 days as part of ongoing trade negotiations.
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