Mexico will enact retaliatory tariffs on U.S. goods due to 25% tariffs imposed by the U.S. The announcement comes from President Claudia Sheinbaum, who plans to specify targeted products during a public event. Criticizing the U.S. actions as unjustified, Sheinbaum raises concerns about the impact on both nations’ economies and rejects accusations against Mexico regarding drug trafficking. China also prepares retaliatory tariffs in a related trade conflict.
Mexico’s President Claudia Sheinbaum announced the country’s intention to impose retaliatory tariffs on U.S. goods, mirroring a recent escalation in trade tensions initiated by the U.S. government. Following the U.S. imposition of 25% tariffs on imports from Canada and Mexico, Sheinbaum plans to disclose specific targets for retaliation during a public event on Sunday in Mexico City. Unlike China, which acted swiftly with its retaliatory measures, Mexico opted for a reflective approach, ensuring its strategy was prepared in advance for this situation.
In her statements, President Sheinbaum emphasized the lack of justification behind the U.S. tariffs, stating, “There is no motive or reason, nor justification that supports this decision that will affect our people and our nations.” She rejected accusations from a White House fact sheet regarding Mexico’s drug trafficking issues, labeling them as defamatory and unjustified. She highlighted her administration’s successes against drug cartels and suggested a need for mutual responsibility regarding the trade of illegal substances.
Moreover, Sheinbaum expressed concern over the potential repercussions of the U.S. tariffs, asserting, “It is inconceivable that they don’t think about the damage this is going to cause to United States citizens and businesses.” She remarked on the detrimental effects of halted job creation and rising prices, noting that no party emerges victorious from such economic confrontations. The tariffs follow a broader trend, as China also prepares to enact new tariffs on U.S. agricultural products in response to similar U.S. trade actions.
The trade conflict between the United States and Mexico has intensified, with Mexico planning retaliatory tariffs as a response to recently imposed U.S. tariffs. President Sheinbaum has highlighted the unjust nature of these taxes, along with concerns about their adverse effects on both nations’ economies. This situation underscores the necessity for dialogue to resolve trade disputes amicably and avert further escalation. As both Mexico and China respond to U.S. tariffs, the global trading landscape remains precarious, with potential impacts on various sectors. Future developments will be crucial in determining the trajectory of these international trade relations.
Original Source: apnews.com
