Mexico delays retaliation against U.S. steel and aluminum tariffs as negotiations continue. President Sheinbaum prefers to wait for the U.S. to clarify tariffs before deciding on actions. This contrasts with Canada’s swift counter-tariffs. Discussions with U.S. officials are ongoing regarding the situation.
Mexico is choosing to delay any retaliation against U.S. tariffs on steel and aluminum. President Claudia Sheinbaum has opted to wait for the United States to decide on the potential imposition of 25% tariffs on a broader range of products. These tariffs are currently paused until April 2 in accordance with North America’s free trade agreement.
President Sheinbaum’s strategy contrasts sharply with Canada’s swift decision to enact counter-tariffs on approximately $21 billion worth of U.S. products. During a press conference on March 12, Sheinbaum emphasized, “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.”
Mexico’s Economy Ministry, headed by Marcelo Ebrard, is currently in discussions in Washington regarding these steel and aluminum tariffs. Ebrard is anticipated to address the media alongside Sheinbaum on March 13. Brazil has also indicated a similar stance, planning to respond to U.S. tariffs only after seeking negotiations with the Trump administration.
In conclusion, Mexico’s approach under President Sheinbaum emphasizes patience and negotiation in response to potential U.S. tariffs. By delaying retaliation, Mexico seeks to preserve trade agreements while contrasting its strategy with Canada’s quicker counter-actions. Ongoing discussions involving key officials aim to navigate these challenges, mirroring sentiments expressed by other Latin American nations like Brazil.
Original Source: www.ttnews.com
