On Tuesday, Mexico’s President Claudia Sheinbaum announced retaliatory tariffs against the US’s “unilateral selection” to impose 25 % tariffs on its products.
Sheinbaum said,” I want to make it clear that we will often seek a negotiated solution as we have suggested in the interest of respecting our sovereignty.”
However, the United States ‘ punitive choice has an impact on both domestic and foreign firms that conduct business in our nation and on the population. We have so chosen to implement price and non-tariff steps,” she continued.
She also accused the Says of making” an insulting, disparaging, and unsupported declaration” after the White House claimed in its price statement that the Mexican authorities had “afforred safe havens for the cartels”.
Mexico has said it has a determined strategy for this specific situation since January, but unlike China and Canada, it decided to postpone its response until Sunday.
Trump’s affected tariffs on Canada and Mexico went into effect on Tuesday, raising the risk of retaliation from the US’s supporters in North America.
Beijing announced more levies of up to 15 % on important US farm goods, including poultry, meat, soy, and meat, as well as imposing more restrictions on US companies in response to US tariffs on China. Canada also announced 25 % tariffs against the US.
Trump’s announcement to impose 25 % tariffs on Canada and Mexico and raise tariffs on Chinese imports, which go into effect on March 10, follows his announcement to raise tariffs on both the country to 20 %.
