Americas

Mexican president lauds call with Trump to lessen trade deficit

Claudia Sheinbaum announces agreement to improve trade balance

Jorge Antonio Gonzalez Rocha  | 01.05.2025 - Update : 01.05.2025
Mexican president lauds call with Trump to lessen trade deficit

​​​​​​​MEXICO CITY 

Mexican President Claudia Sheinbaum said Thursday that her government reached an agreement with US President Donald Trump on a trade balance.

Sheinbaum described her sixth and most recent call with Trump as “positive,” noting on X that both administrations are working to improve trade conditions of their nations.

“We agreed that the Secretaries of Finance and Treasury, as well as of Economy and Trade, will continue working in the coming days on alternatives to improve our trade balance and advance on pending issues for the benefit of both countries,” she wrote.

Sheinbaum explained at a news conference that Trump’s trade policies are aimed at narrowing the deficit that currently favors Mexican exports.

“What the United States government is very interested in is reducing the deficit — what they call the deficit with Mexico — and for some time now, we have been proposing that we look for ways, across the entire economy, to increase purchases from the United States,” she said.

Mexico managed to avoid much of Trump's commercial onslaught, fending off most of his threatened tariffs on Mexican exports.

The US president continues, however, to hold Mexico accountable for the trade deficit between the two countries.

Trump launched a fierce economic policy to protect US industry since the start of his second term in January. Tariffs, a hallmark of his administration, have sought to reverse decades of trade deficits with key commercial partners, including Mexico, which currently ranks as the US’ leading trade partner.

In January, the US reported a trade deficit with Mexico of $13.7 billion, driven by a 9.5% increase in imports from Mexico compared to just a 5.3% rise in US exports to its southern neighbor, year-over-year.​​​​​​​

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