Mexico’s President Claudia Sheinbaum announced retaliatory tariffs against U.S. goods due to imposed 25% tariffs from the U.S. She plans to specify the targeted products in a public address. She criticized the U.S. for its accusations regarding drug trafficking, while also noting that tariffs harm both nations economically.
Mexico’s President, Claudia Sheinbaum, has announced that the country will impose retaliatory tariffs on U.S. goods in response to the 25% tariffs imposed by the United States. Sheinbaum plans to reveal the specific products targeted during an event in Mexico City this Sunday, indicating that Mexico’s approach differs from China, which acted quickly after similar tariffs were announced. While Mexico has prepared for retaliation since January, it seeks to manage tensions in the trade dispute collaboratively rather than exacerbate them.
The U.S. tariffs also apply to Canadian imports, with Canadian energy products facing a 10% duty. Sheinbaum criticized the recent White House “fact sheet” accusing Mexico of enabling drug trafficking, stating that it is baseless and offensive. She highlighted her government’s actions against drug cartels, including seizing over a ton of fentanyl and helping capture cartel leaders at the request of the United States.
Sheinbaum emphasized that Mexico’s retaliatory tariffs are not intended to provoke economic conflict but to protect both nations’ public interests. She expressed concern over the potential harm these tariffs would cause, including increased consumer prices and hindered job creation in both Mexico and the United States. No party benefits from such escalating trade tensions.
In a broader context, China has also reacted to U.S. tariffs by announcing new tariffs of up to 15% on essential American agricultural products, such as chicken and pork, alongside tightening regulations on U.S. company operations in China. This follows President Trump’s directive to raise tariffs on Chinese imports to 20% and implement additional duties on goods from Canada and Mexico, effective immediately.
In summary, Mexico’s President Claudia Sheinbaum has declared retaliatory tariffs against U.S. goods in response to recent U.S. taxation policies. While aiming to de-escalate tensions, Sheinbaum stresses that tariffs will negatively impact both economies. This trade conflict resonates globally, as evidenced by China’s similar tariff reactions to U.S. policies. The unfolding circumstances highlight the ramifications of such trade disputes on international relations and economic health.
Original Source: apnews.com
