Mexican President Sheinbaum says Mexico is increasing purchases of U.S. goods to advance a bilateral trade agreement

On October 13, Mexican President Sheinbaum said Mexico was increasing purchases of U.S. goods and reducing purchases from other countries to narrow its trade surplus with the United States and advance a bilateral agreement. Central bank data show that through August this year, Mexico’s goods trade surplus with the United States exceeded $280 billion, up 51% year over year. Trump had previously said Mexico was not doing enough to address the trade imbalance. The two sides agreed to continue negotiations and meet again.