Mexico plans to impose retaliatory tariffs on U.S. goods, responding to a recent 25% tariff increase. President Claudia Sheinbaum aims to announce specific targets and highlights the adverse effects of such trade wars on both economies. Criticizing U.S. drug trafficking accusations, she emphasizes shared accountability and cooperation between the countries.
Mexico’s President Claudia Sheinbaum announced plans to implement retaliatory tariffs on U.S. goods in response to a recent 25% tariff levied by the United States. Unlike China, which quickly enacted similar measures, Mexico will announce specific product targets in a public event. Sheinbaum emphasized that the U.S. decision lacks justification and will adversely affect both nations economically.
President Sheinbaum criticized a White House report accusing Mexican officials of fostering drug trafficking, arguing that it is defamatory and unsubstantiated. She highlighted her administration’s successes against drug cartels, like significant drug seizures, and pointed out the need for mutual accountability in addressing the opioid crisis affecting the U.S.
The tariffs imposed by the U.S. took effect immediately, imposing 25% on Mexican and Canadian imports, and 10% on Canadian energy products. Sheinbaum expressed concerns that these tariffs will harm American businesses and citizens due to rising prices and hinder job creation in both countries, stating that no one benefits from such economic confrontations.
In summary, Mexico’s announcement of retaliatory tariffs showcases a strategic response to U.S. trade measures. President Sheinbaum’s remarks reflect a desire for cooperation rather than conflict, underlying the economic consequences of trade wars. Both nations face repercussions, and Sheinbaum argues for shared responsibility in tackling issues like drug trafficking and economic well-being.
Original Source: apnews.com
