Mexico President Claudia Sheinbaum said on Tuesday that Mexico with her own retaliatory rates on US products.
Sheinbaum has said it will announce the products Mexico will reach on Sunday, 9, at a public event in Mexico’s central square, which may indicate that Mexico still expects to flutter the trade war started by US President Donald Trump.
“There is no reason or reason, no justification that supports this decision that will affect our people and our nations,” she said. “We will respond with tariff rather than tariff measures,” said the president to emphasize the American unilateral decision, which she classified as “unjustifiable.” “We will always seek negotiated measures,” he said.
Sheinbaum pointed out that Mexico is a “sovereign” country, but does not want to start a commercial confrontation with the United States, which should also take responsibility for the opioid crisis.
The rates that had been threatened by President Donald Trump against Canada and Mexico came into force on Tuesday, 4, increasing the risk of retaliation by US allies. Now imports from Canada and Mexico will now be taxed by 25%, with Canadian energy products subject to an import tariff of 10%.
Already on Tuesday, in a reaction to tariffs on China, Beijing announced additional rates of up to 15% on imports of US key agricultural products, including chicken, pork, soy and beef, as well as expanding business controls with key US companies. China’s new tariffs will come into force from March 10.
