Mexico will impose retaliatory tariffs against the U.S. in response to new tariffs initiated by President Trump. President Claudia Sheinbaum plans to announce targeted products soon. She criticized the White House’s claims about drug trafficking and emphasized the tariffs’ detrimental economic impact on both nations. Meanwhile, China has responded similarly by imposing tariffs on U.S. agricultural products as trade tensions rise.
Mexico’s President Claudia Sheinbaum announced the imposition of retaliatory tariffs in response to the 25% tariffs placed on Mexican goods by the United States. She plans to disclose the specific products affected during a public event in Mexico City’s central plaza, suggesting her administration seeks to address the escalating trade tensions initiated by U.S. President Donald Trump. Notably, unlike China’s immediate retaliation, Mexico is taking a more measured approach.
President Sheinbaum expressed concern over the baseless accusations made by the White House regarding Mexico’s drug trafficking issues, describing them as “offensive, defamatory, and lacking support”. She highlighted significant accomplishments of her administration in combating drug cartels, including the seizure of substantial quantities of fentanyl and the dismantling of numerous methamphetamine labs. Additionally, she noted the extradition of 29 drug cartel members to the United States.
Furthermore, President Sheinbaum articulated the comprehensive impact of the tariffs, forecasting economic harm not only to Mexico but also to American citizens and businesses, labeling it a lose-lose situation. She emphasized the potential rise in prices and the detrimental effects on job creation across both nations. In reaction to U.S. tariffs, China has similarly implemented new tariffs on key American agricultural products, escalating the ongoing trade war.
The recent increase in tariffs has heightened the risks of retaliatory measures from Mexico and Canada, raising concerns about a broader economic confrontation. President Sheinbaum reiterated that the tariffs aimed at U.S. goods are not intended to provoke conflict but to address an unjust situation. Ultimately, she contended that the trade war will yield adverse outcomes for both countries involved, underlining the necessity for diplomatic resolutions.
In conclusion, Mexico’s imposition of retaliatory tariffs on U.S. goods highlights the escalating tensions resulting from U.S. trade policies. President Claudia Sheinbaum’s measured response contrasts with China’s immediate actions and reflects her administration’s ongoing efforts to mitigate economic fallout. She underscores the potential negative repercussions for both Mexico and the United States. As global trade dynamics shift, cooperation remains vital to prevent further economic deterioration.
Original Source: apnews.com
