Mexico Prepares Retaliatory Tariffs Targeting US Agriculture
Mexican President Claudia Sheinbaum stated that while she doubts the U.S. will impose tariffs on February 1st, Mexico has prepared retaliatory tariffs targeting specific U.S. goods, primarily from regions that strongly supported President Trump. These retaliatory tariffs would initially exclude the automotive sector but could include products like pork, cheese, and alcoholic beverages. However, Commerce Department nominee Howard Lutnick suggested that the threatened tariffs on Mexico and Canada could be avoided if border security measures are improved, indicating a possible link between trade and immigration concerns. Lutnick also advocated for broader, country-by-country tariffs to achieve reciprocal trade practices.
John Q. Hosedrinker