Mexico Rejects Retaliatory Tariffs Ahead of US Announcement

Mexican President Claudia Sheinbaum stated the country will not adopt an “eye for an eye” strategy amidst looming US tariffs. Emphasizing dialogue, she expressed readiness to respond but deferred action until specifics are announced. With strong trade ties, Mexico remains economically vulnerable, yet insists on sovereignty in migration matters, while seeking coordinated efforts with the US.

On Tuesday, Mexican President Claudia Sheinbaum articulated her government’s stance regarding impending tariffs from the United States, emphasizing that an “eye for an eye” approach would not be adopted. This statement precedes President Donald Trump’s anticipated announcement of “reciprocal” tariffs which may impose a 25 percent tax on imported automobiles and auto parts.

Mexico, as one of the US’s largest trading partners, has prioritized open communication and committed to a “comprehensive response” to any tariffs imposed by the United States. President Sheinbaum asserted, “We do not believe in an eye for an eye, a tooth for a tooth, because that always leads to a bad situation.” She acknowledged that while Mexico might respond to US measures, the emphasis remains on maintaining dialogue.

As President Trump declares April 2 as America’s “Liberation Day” for the announcement of new tariffs, he argues these levies are essential for correcting trade imbalances. Given the strong commercial ties, Mexico’s economy is particularly vulnerable to such tariffs, as the US accounts for nearly 80 percent of its exports, which include approximately three million automobiles each year.

President Sheinbaum indicated that her administration would not take action until hearing the specifics of Trump’s announcement. “We don’t know exactly what will be announced on April 2; no nation in the world knows,” she explained during her press conference.

On migration issues, Sheinbaum signaled readiness to collaborate with the United States while asserting Mexico’s independence. She stated, “The president answers to one authority only, and that is the people of Mexico.” Recent discussions with US Homeland Security head Kristi Noem also addressed migration concerns, emphasizing a desire for coordination rather than subordination in cross-border relations.

In summary, President Claudia Sheinbaum of Mexico has firmly rejected the idea of retaliatory tariffs in response to impending US trade measures. Instead, she emphasizes the importance of dialogue and thorough communication. As both countries navigate potential economic repercussions, Mexico’s economic ties with the US remain significant, highlighting the delicate balance in their interdependent relationship. Furthermore, Sheinbaum’s government seeks to maintain sovereignty in migration discussions while remaining open to cooperation.

Original Source: newscentral.africa