Mexican President Claudia Sheinbaum has announced that Mexico will wait until April 2 before deciding how to respond to the US tariffs on aluminum and steel. This decision comes after US President Donald Trump agreed to delay tariffs on all products from Mexico and Canada covered by the USMCA free trade treaty until April 2 ¹.
Sheinbaum emphasized that Mexico will keep the dialogue open with the US until April 2, at which point they will determine whether to implement reciprocal tariffs. This cautious approach suggests that Mexico is seeking to avoid escalating tensions with the US while also protecting its economic interests.
The US tariffs on aluminum and steel have been a point of contention between the two countries, with Mexico and Canada initially exempt from the tariffs. However, the US has since threatened to reimpose the tariffs, prompting Mexico to consider retaliatory measures.
As the April 2 deadline approaches, Mexico's response will likely depend on the US's actions. If the US imposes the tariffs, Mexico may respond with reciprocal tariffs, potentially leading to a trade war. On the other hand, if the US decides to exempt Mexico from the tariffs, the two countries may be able to negotiate a more favorable trade agreement.
*Keywords:* US tariffs, Mexico, President Claudia Sheinbaum, aluminum, steel, USMCA, trade agreement, reciprocal tariffs.
Categories:
