Mexico Delays Tariff Retaliation Amid Ongoing U.S. Negotiations

Mexico is postponing its retaliation against U.S. tariffs on steel and aluminum imports as discussions are ongoing to avoid further levies. President Sheinbaum’s approach is more diplomatic compared to Canada’s immediate counter-measures. Key officials are engaged in talks in Washington to resolve these tariff concerns.

Mexico has opted to delay its response concerning the tariffs imposed by the United States on steel and aluminum imports. President Claudia Sheinbaum has chosen a cautious stance, prioritizing negotiations between the two nations to prevent additional levies on various products and services. Sheinbaum stated her preference to await President Trump’s decision on potential 25% tariffs on Mexican imports, which are currently under review until April 2, in accordance with North America’s free trade agreement.

This measured approach is notably different from Canada’s, which recently announced 25% counter-tariffs on approximately $21 billion worth of U.S. goods following the Trump administration’s initiation of global levies. During a press conference, Sheinbaum asserted, “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.”

In addition to Sheinbaum’s remarks, Mexico’s Economy Ministry, led by Marcelo Ebrard, is currently in discussions with U.S. officials regarding the tariffs. Ebrard is slated to address the press later, further elaborating on Mexico’s stance following negotiations. Brazil has also indicated that it will adopt a reciprocal approach to U.S. tariffs but will first seek alternative resolutions with the Trump administration.

In summary, Mexico’s government, under President Claudia Sheinbaum, is taking a strategic detour regarding the U.S. tariffs on steel and aluminum. By delaying retaliatory measures while engaging in negotiations, Mexico aims to foster stability in trade relations, contrasting sharply with Canada’s prompt action. This approach underscores a desire for diplomatic resolution rather than escalation.

Original Source: www.ttnews.com