North American Economy

Mexico Threatens Retaliatory Tariffs Against Trump’s Trade Policies

President Sheinbaum responded to President-elect Trump’s threat of 25% tariffs on Mexican goods by suggesting retaliatory tariffs, emphasizing the interconnectedness of US and Mexican businesses, particularly automakers. She acknowledged Mexico’s efforts to curb migration but countered that the drug problem is largely a US issue stemming from domestic consumption and weapon smuggling from the US. She proposed addressing the root causes of migration through increased regional investment, advocating for dialogue and a negotiated solution rather than escalating trade tensions. Despite offering to negotiate, Sheinbaum’s firm stance reflects a significant shift in tone compared to the more conciliatory approach of her predecessor.

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Mexico Considers Retaliatory Tariffs Amid US Trade Tensions

Mexico’s economy minister Marcelo Ebrard has issued a strong warning to the incoming US administration, stating that Mexico will retaliate with tariffs of its own if the US imposes taxes on Mexican imports. This follows President-elect Donald Trump’s campaign pledge to impose tariffs of up to 25% on Mexican imports if the country fails to address migration and drug trafficking into the US. Ebrard emphasized that such tariffs would be detrimental to the North American economy, reiterating that Mexico has already faced similar threats and demands from the US during Trump’s previous term.

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