Under the USMCA framework, the United States’ reciprocal tariff strategy has little impact on Mexico, as both countries operate under a free trade agreement covering nearly all exchanged goods. USMCA is scheduled for a joint review on July 1, 2026, when the United States, Mexico, and Canada will reassess the terms of the agreement. While no full-scale renegotiations have begun, ongoing U.S.-Mexico trade discussions indicate that the groundwork for future adjustments is already being laid. The agreement, which evolved from NAFTA, has been instrumental in strengthening North America’s competitive position in global markets. Both Trump and Sheinbaum have signaled strong interest in revitalizing domestic manufacturing—Trump through reshoring American production and Sheinbaum through Plan México, aimed at expanding Mexico’s industrial base. However, this does not necessarily conflict with USMCA.