U.S., Canada demand trade dispute talks over Mexican energy policies

Canada’s trade ministry later told Reuters it was launching its own energy consultations with Mexico and “supporting the U.S. in their challenge.”

The ministry also said that it would look to coordinate with both governments to discuss the reach of their requests, and that it was willing to reach a “mutually satisfactory solution” to the energy dispute. “We have repeatedly expressed serious concerns about a series of changes in Mexico’s energy policies and their consistency with Mexico’s commitments under the USMCA,” U.S. Trade Representative Katherine Tai said in the announcement.Article content

Lopez Obrador argues his measures will benefit consumers and make Mexico more self-sufficient. His opponents say the moves will raise electricity costs, undermine investor confidence and violate Mexico’s clean energy commitments. The U.S. Chamber of Commerce welcomed USTR’s move, saying Mexico’s policies “have unfairly disadvantaged U.S. companies and are at odds with our common goals of generating reliable energy, sustainable growth, and a durable economic recovery.”A USTR official told reporters that punitive tariffs were “a possibility” if the dispute could not be resolved through negotiations, which it hoped would lead to reopening of the market to U.S. firms.

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U.S., Canada say Mexico energy moves break trade deal; Seek talks - BNN BloombergThe U.S. and Canada said Mexico’s nationalist energy policies violate North America’s free-trade deal, with Washington requesting dispute-settlement talks under the agreement and Ottawa saying it will do the same.
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