Mexico to Impose Retaliatory Tariffs in Response to U.S. Trade Measures

Mexico’s President Claudia Sheinbaum declared that the nation will impose retaliatory tariffs on U.S. goods in response to recent U.S. tariffs. Specifics about the targeted products will be disclosed on Sunday. The move reflects Mexico’s readiness for potential trade conflict while still hoping to de-escalate tensions with the United States. Additionally, Sheinbaum rejected allegations regarding drug trafficking, underscoring Mexico’s anti-drug efforts.

Mexico’s President Claudia Sheinbaum announced that the nation will implement retaliatory tariffs on U.S. goods in response to the 25% tariffs imposed by the United States. The specific products targeted by these tariffs will be revealed during a public event scheduled for Sunday in Mexico City’s central plaza. This move suggests that Mexico is still open to de-escalating the trade conflict instigated by U.S. President Donald Trump, despite being prepared since January for such a scenario.

Unlike China’s immediate retaliation with tariffs, Mexico opted for a more measured approach. President Sheinbaum emphasized that the U.S. tariffs lack justification and will adversely affect both nations. The tariffs on imports from Mexico and Canada took effect recently, compounding the risk of an escalating trade war among North American partners, which includes a 10% tax on certain Canadian energy products.

Furthermore, Sheinbaum dismissed the White House’s assertions regarding Mexican drug traffickers and called the claims “offensive, defamatory and without support.” She highlighted her administration’s achievements in combating drug trafficking, including significant seizures of fentanyl and the dismantling of numerous methamphetamine labs. She also underscored Mexico’s cooperation in extraditing key cartel figures to the United States.

Sheinbaum insisted that the tariffs Mexico plans to impose are not intended to provoke economic confrontation but rather are a necessary response. She stated, “It is inconceivable that they do not think about the damage this is going to cause to United States citizens and businesses with the increase in prices for things produced in our country.” She further expressed concern about the negative impact on job creation in both countries, emphasizing that no one benefits from these punitive measures.

In summary, Mexico is poised to retaliate against U.S. tariffs by announcing its own tariffs on American goods. President Claudia Sheinbaum has articulated the detrimental effects of such tariffs on both nations and has highlighted Mexico’s efforts in combating drug trafficking. While seeking to avoid economic confrontation, the continued escalation of tariffs signals a tension-filled trade environment in North America.

Original Source: apnews.com