Mexico is delaying its retaliation against U.S. tariffs on steel and aluminum imports under President Claudia Sheinbaum. The country seeks to avoid immediate countermeasures as negotiations continue, with any potential tariffs on hold until April 2. This measured response differs from Canada’s quick introduction of counter-tariffs, illustrating contrasting strategies in international trade relations.
Mexico is currently postponing its response to U.S. tariffs on steel and aluminum imports. President Claudia Sheinbaum aims to avoid retaliation while both nations negotiate to prevent potential tariffs on a wider array of products and services. Sheinbaum’s decision aligns with a strategy to await the U.S. president’s stance regarding the imposition of 25% tariffs on Mexican imports, which are suspended until April 2 as part of a trade agreement framework.
The approach taken by President Sheinbaum contrasts greatly with that of Canada, which announced 25% retaliatory tariffs on approximately $21 billion worth of U.S. goods after the U.S. government initiated global tariffs on steel and aluminum. “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,” Sheinbaum stated during her daily press briefing.
Additionally, Mexican Economy Ministry officials, including Marcelo Ebrard, are in Washington to engage in discussions regarding the tariffs imposed on steel and aluminum. Ebrard is anticipated to provide further insights at Sheinbaum’s press conference on March 13. In a broader regional context, Brazil has announced it will consider a reciprocal response to the new U.S. tariffs only after exploring negotiations with the Trump administration.
In conclusion, Mexico has opted to delay its response to U.S. tariffs on steel and aluminum, showcasing a diplomatic approach under President Sheinbaum’s leadership. By waiting for developments until April 2, Mexico seeks to navigate potential retaliatory measures with a focus on mutual agreement. This approach notably contrasts with Canada’s immediate retaliatory response, highlighting varying strategies among countries in reaction to American trade policies.
Original Source: www.ttnews.com
