Mexico Delays Retaliatory Tariffs Amid U.S. Negotiations

Mexico is delaying response to U.S. tariffs on steel and aluminum imports as President Claudia Sheinbaum prioritizes negotiations to avoid further tariffs. This approach contrasts with Canada’s immediate retaliation. Discussions led by Economy Minister Marcelo Ebrard are ongoing, and a decision is expected by April 2 regarding reciprocal tariffs.

Mexico is currently postponing any retaliatory measures in response to U.S. tariffs on steel and aluminum imports. President Claudia Sheinbaum is choosing to delay her response as negotiations continue between the two countries to avoid imposing tariffs on various products. Sheinbaum emphasized this strategy on March 12, indicating a preference to wait for the U.S. president’s decision regarding potential 25% tariffs on Mexican imports, which are expected to be made known by April 2.

This measured approach by Sheinbaum contrasts sharply with the recent actions taken by Canada, which announced its own 25% counter-tariffs on approximately $21 billion worth of U.S. goods. Her administration focuses on maintaining the integrity of the North America free trade agreement, suggesting that there should not be retaliatory tariffs between the two countries given the existing trade framework. 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.”

In related discussions, Mexico’s Economy Ministry, represented by Marcelo Ebrard and other officials, engaged with U.S. counterparts in Washington this week regarding the issues surrounding steel and aluminum tariffs. Furthermore, Ebrard is anticipated to address the media during Sheinbaum’s daily press conference on March 13. Meanwhile, Brazil has also indicated it will similarly adopt a reciprocal strategy towards U.S. tariffs, contingent on their willingness to negotiate further with the Trump administration.

In summary, Mexico’s strategic delay in retaliating against U.S. tariffs on steel and aluminum highlights President Claudia Sheinbaum’s preference for negotiation over immediate confrontation. Unlike Canada, Mexico aims to keep the trade agreement intact, reflecting a desire for diplomatic solutions. As the April deadline approaches, the outcome will depend significantly on ongoing negotiations between the two nations and the willingness of the U.S. to avoid escalating trade tensions.

Original Source: www.ttnews.com