Mexico is postponing its response to U.S. tariffs on steel and aluminum imports while ongoing negotiations seek to prevent additional levies. President Claudia Sheinbaum favors waiting until the U.S. decision on 25% tariffs on Mexican imports, contrasting Canada’s swift retaliation. Mexican officials, including Economy Minister Marcelo Ebrard, are in discussions with U.S. counterparts, with important announcements expected soon.
Mexico is currently postponing its response to the tariffs imposed by the United States on steel and aluminum imports. President Claudia Sheinbaum is opting for a non-retaliatory stance while both nations engage in discussions aimed at preventing levies on multiple products and services. Sheinbaum articulated her preference to delay any action until the U.S. President makes a decision regarding potential 25% tariffs on Mexican imports, which are tied to U.S. strategies on immigration and drug trafficking.
As negotiations progress, the deadline for the imposition of these tariffs has been set for April 2, with specific products being covered by North America’s free trade agreement. In sharp contrast, Canada has already instituted counter-tariffs of 25% on approximately $21 billion of U.S.-made goods in response to the U.S. decision announced on March 12 concerning tariffs on steel and aluminum. During a press conference, Sheinbaum stated, “Given that we have a trade agreement and there are no tariffs from Mexico to the United States, well, there shouldn’t be any reciprocal tariffs.”
Thus, Mexico will defer any retaliatory measures until after the deadline in early April. Meanwhile, Mexican officials, including Economy Minister Marcelo Ebrard, are engaging in discussions in Washington regarding the tariffs on steel and aluminum. Ebrard is scheduled to address the media at Sheinbaum’s upcoming press conference. Similarly, Brazil has signaled a plan to adopt a responsive approach to U.S. tariffs, contingent on successful negotiations with the Trump administration.
In summary, Mexico has chosen to delay its response to U.S. tariffs on steel and aluminum while engaging in negotiations with the U.S. Furthermore, President Sheinbaum’s cautious strategy contrasts with Canada’s immediate retaliatory measures. With impending deadlines for tariff decisions, Mexico seeks to navigate this trade situation carefully, positioning itself for potential negotiations rather than immediate retaliation.
Original Source: www.ttnews.com
