Leaders of Canada and Mexico vow closer economic ties in the face of Trump trade uncertainty

(19 Sep 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Mexico City – 18 September 2025
1. Wide of leaders walking up to podiums
2. SOUNDBITE (English) Mark Carney, Prime Minister of Canada:
"North America is the economic envy of the world, is the most competitive economic region of the world, and part of the reason for that is the cooperation between Canada and Mexico, both of us and the United States. We complement the United States. We make them stronger. We are all stronger together."
3. Wide of presser
4. SOUNDBITE (Spanish) Claudia Sheinbaum, President of Mexico:
"Of course, we have experienced circumstances in recent months regarding the tariffs imposed by the US government. However, a significant portion of our trade with the United States remains tariff-free, and that is because it is competitive for all three countries."
5. Wide of presser
6. SOUNDBITE (Spanish) Claudia Sheinbaum, President of Mexico:
"This plan of action will enable us to coordinate our efforts in different areas of bilateral relations in a more comprehensive and structured manner. This plan of action opens a new bring a new era of further strengthening economic, social, and cultural ties that unite us."
7. Wide of presser
8. SOUNDBITE (English) Mark Carney, Prime Minister of Canada:
"And we are both committed to our shared partnership with the United States, and we look forward to using the upcoming review of T-MEC, USMCA, CUSMA. Different acronyms for the same thing to find ways to make it fairer and more effective."
9. Leaders walking up to each other to shake hands and pose for photo
STORYLINE:
Canadian Prime Minister Mark Carney and President Claudia Sheinbaum promised Thursday to strengthen trade relations in the face of U.S. tariff threats and pushed to keep the most important free trade agreement in the Western Hemisphere alive in the lead-up to negotiations next year.

Their meeting came during Carney’s first visit to Mexico as Canada’s leader and at a moment of economic tension for the region.

“North America is the economic envy of the world, is the most competitive economic region of the world, and part of the reason for that is the cooperation between Canada and Mexico,” Carney said in a press conference following the meeting.

“We complement the United States. We make them stronger. We are all stronger together.”

Key to Carney and Sheinbaum’s meeting was the United States-Mexico-Canada trade pact, or USMCA, which is up for review in 2026.

Decades of free trade among the three nations has inextricably intertwined their economies: More than 75% of Canada’s exports and more than 80% of Mexico’s go to the U.S.

Trump’s ongoing and constantly evolving trade threats have put the countries’ political and business leaders on edge, as many scramble for more stable trade alternatives.

Sheinbaum said the two countries had agreed to a plan that what would “bring a new era of further strengthening economic, social, and cultural ties” between the two nations.

Mexico is Canada’s third-largest trading partner after the U.S. and China. Canada was Mexico’s fifth-largest trading partner in 2024.

But trade with the U.S. remains paramount for both countries and preserving the free trade pact will be critical.

That trade agreement has largely shielded the vast majority of Mexican and Canadian goods from the punishing duties.

Canadian and Mexican companies can claim preferential treatment under the USMCA.

Carney and Sheinbaum highlighted the importance of the U.S. and the importance of unity between the three countries.

AP video by Fernanda Pesce

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