USTR Greer tells Mexican firms that auto and steel tariffs will not go down to zero, Reuters reports citing sources

The USTR's indication that auto and steel tariffs will not be eliminated signals the continuation of trade tensions between the U.S. and Mexico. This suggests potential ongoing cost pressures for Mexican firms in affected sectors, which could influence their competitiveness while impacting supply chains and market dynamics in these commodities. Watch for movements in steel prices and related equities as the market digests this stance.