Mexico delays retaliation against U.S. tariffs on steel and aluminum as negotiations continue. President Claudia Sheinbaum prefers to wait for U.S. decisions regarding potential tariffs on Mexican imports. This approach contrasts with Canada’s immediate counter-tariffs, illustrating differing strategies among North American countries during trade discussions.
Mexico has decided to delay its response to the U.S. tariffs on steel and aluminum imports as President Claudia Sheinbaum prefers to hold off on retaliation during ongoing negotiations between the two countries. This stance is focused on avoiding levies on a potentially wide array of products and services.
On March 12, Sheinbaum expressed her intention to wait for a final decision from the U.S. President regarding the potential imposition of 25% tariffs on Mexican imports. These tariffs are part of a broader U.S. strategy aimed at compelling neighboring countries to counteract illegal immigration and fentanyl trafficking, with a deadline set until April 2 for products related to North America’s free trade agreement.
In contrast, Canada has already taken a different approach, implementing 25% counter-tariffs on approximately $21 billion worth of U.S. goods, following the Trump administration’s establishment of global tariffs on steel and aluminum. Sheinbaum remarked, “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.”
Mexican officials, including Economy Minister Marcelo Ebrard, traveled to Washington this week to discuss the imposed tariffs on steel and aluminum. Ebrard is anticipated to make comments at Sheinbaum’s press conference on March 13.
Brazil has indicated a similar stance, suggesting it will consider reciprocal measures against U.S. tariffs only after pursuing negotiations with the Trump administration.
In summary, Mexico’s cautious approach under President Claudia Sheinbaum involves delaying tariff retaliation against the U.S. while negotiations continue. Unlike Canada, which has responded with counter-tariffs, Mexico suggests mutual cooperation under existing trade agreements. Brazilian officials are considering a reciprocal approach contingent upon negotiations.
Original Source: www.ttnews.com
