Mexico’s President Claudia Sheinbaum declared that the country will implement retaliatory tariffs on U.S. goods due to newly imposed American tariffs of 25%. She plans to reveal the specific goods targeted in a public event. Mexico’s response is strategically more measured compared to China’s immediate tariff actions, aiming to address economic implications for both nations in the trade war context.
Mexico’s President, Claudia Sheinbaum, announced that the nation will impose retaliatory tariffs on American goods in response to the U.S. enforcing 25% tariffs. Sheinbaum plans to disclose the specific products targeted during a public event in Mexico City. While Mexico has delayed its response compared to China’s immediate implementation of tariffs, the administration had prepared plans since January for such a situation.
Sheinbaum emphasized that there is no justification for the U.S. tariffs, which she believes will negatively impact both nations. These tariffs became effective as of Tuesday, increasing import taxes on goods from Canada and Mexico. The President condemned a White House statement that blamed Mexican drug trafficking solely on Mexico’s government, calling it defamatory and unsupported.
Sheinbaum outlined achievements of her administration against drug cartels, such as significant seizures of fentanyl and methamphetamine and the extradition of drug cartel leaders to the United States. She noted that both countries must be held accountable for the opioid crisis, highlighting the interconnected responsibilities.
Mexico aims to avoid escalating conflicts through tariffs, as Sheinbaum warned about the adverse effects on U.S. consumers and businesses due to potential price increases. Furthermore, the tariffs could halt job creation in both countries, emphasizing that this decision benefits no one involved.
In a related global trade dynamic, China recently announced further tariffs on U.S. farm products following America’s tariff increases on Chinese goods. These measures signal the ongoing tensions in international trade relationships that could have widespread implications.
In summary, Mexico’s President Claudia Sheinbaum is set to impose retaliatory tariffs on U.S. goods in response to significant tariffs placed on Mexico by the United States. She emphasizes the mutual responsibilities of both nations regarding trade and drug trafficking issues, expressing concern over the negative economic impacts expected from this trade conflict. The situation reflects a broader pattern of escalating trade tensions between the United States, Mexico, and China, indicating a complex international trade environment.
Original Source: apnews.com
