Mexico is delaying its retaliation against U.S. tariffs on steel and aluminum imports while negotiations continue. President Claudia Sheinbaum prefers waiting for a U.S. decision on imposing tariffs. This approach is notably different from Canada’s immediate counter-tariff actions. Mexico’s Economy Ministry is involved in talks in Washington, and Brazil is also considering negotiations before retaliating.
Mexico has chosen to postpone its reaction to the recent U.S. tariffs on steel and aluminum imports. President Claudia Sheinbaum has decided to wait for the U.S. government’s decision regarding potential 25% tariffs on Mexican imports, which are associated with the U.S. strategy to persuade neighboring countries to address illegal immigration and fentanyl trafficking. These tariffs are currently paused until April 2 for products affected by North America’s free trade agreement.
Sheinbaum’s strategy differs significantly from Canada’s response, as Canada has already implemented 25% counter-tariffs on approximately $21 billion worth of U.S. products. At a press conference on March 12, Sheinbaum stated, “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.” She indicated that a decision on reciprocal tariffs would be made after April.
Mexico’s Economy Ministry, led by Marcelo Ebrard, is actively engaged in discussions in Washington concerning the steel and aluminum tariffs. Ebrard is slated to address the media at Sheinbaum’s press conference on March 13. In addition, Brazil has communicated its intention to pursue a reciprocal approach regarding the U.S. tariffs on steel and aluminum, contingent upon negotiations with the Trump administration.
In summary, Mexico is strategically delaying its response to U.S. tariffs while prioritizing negotiation. President Sheinbaum is adopting a patient approach, unlike Canada, which has already retaliated with tariffs. The ongoing discussions led by Economy Minister Marcelo Ebrard further emphasize Mexico’s commitment to diplomatic resolutions prior to any tariff implementation.
Original Source: www.ttnews.com
