Canadian minister responsible for Canada-US trade LeBlanc says Canadian companies from various provinces have signed 15 commercial partnerships in Mexico

• He is reassured by the Mexican Economy Secretary his desire to work with Canada and to ensure that the review of the USMCA results in a trilateral trade agreement.
• Mexicans have very similar interests to Canada in ensuring that some of the sectoral tariffs that the US has applied are diminished and are brought down.
• Responded 'no' when asked if Canada has discussed any contingency plan with Mexico if the US seeks bilateral deal.
• Will meet with USTR Greer in the next few weeks to discuss the CUSMA.

This announcement emphasizes the strengthening of trade relations between Canada and Mexico, suggesting a coordinated effort to counteract US tariffs. The comments regarding the trilateral agreement under the USMCA framework highlight ongoing negotiations that could impact trade dynamics within North America. Market participants should monitor developments closely, as any shifts could influence sectors reliant on trade with these nations, particularly in commodities and manufacturing.