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Photo by Yuri CORTEZ/AFP via Getty ImagesMexican President Claudia Sheinbaum expressed optimism she can reach a trade deal with Donald Trump as her chief negotiator leads talks in Washington, just after negotiations between the United States and Canada collapsed.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“As President Trump said, we hope to reach an agreement with the U.S.,” she told reporters on Monday after being asked about the escalating U.S.-Canada impasse. “I’m optimistic an agreement can be reached.”Economy Minister Marcelo Ebrard, Sheinbaum’s top trade negotiator, will remain in Washington for several days as he seeks to lower 50 per cent U.S. tariffs on Mexican steel and aluminum, and 25 per cent duties on automobiles.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againThe six-year-old CUSMA trade pact includes the U.S., Mexico and Canada. Last month, it formally entered a phase of annual reviews as separate bilateral negotiations also take place.Washington’s negotiations with Ottawa fell apart in recent days, prompting Trump to say he’ll double tariffs on Canadian automobiles and parts starting next year. The breakdown also triggered a 50 per cent U.S. levy on about US$20 billion of Canadian goods, while Prime Minister Mark Carney announced retaliatory tariffs to take effect on Sept. 8.Like with Mexico, the current import duty on Canadian cars is 25 per cent and applied only to the vehicles’ non-U.S. content. Imported steel also faces 50 per cent levies.The collapse of the U.S.-Canada talks might create an opening for Sheinbaum, according to Jimena Zúñiga, Latin America Geoeconomics Analyst with Bloomberg Economics.“The breakdown in U.S.-Canada talks could strengthen Mexico’s hand in its own negotiations with Washington. The U.S. may be reluctant to open a second major front with another key trade partner, especially given the risk of higher prices ahead of the midterm elections,” she wrote in a research note. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.