The President of Mexico, Claudia Sheinbaum, announced this Tuesday that her government will impose tariff and non-tariff measures in response to the United States' decision to apply a 25% tax on Mexican imports.
During a press conference, Sheinbaum described the measure - which came into effect today after being postponed - as "unthinkable"; she warned that it will have negative consequences for both nations, and announced that the response from her country will be known next Sunday, March 9.
In the video published by the agency AP on the social network X, the leader described the statement issued by Washington as "offensive and defamatory," justifying the tariffs under the argument of a lack of action in combating drug trafficking and uncontrolled migration.
"It is inconceivable that there is no consideration of the harm that will be caused to both citizens and companies in the United States due to the increase in prices of goods produced in our country, as well as the damage that will result from halting job creation in both countries," stated Sheinbaum.
The trade retaliations will be announced at a public event in the Central Plaza of Mexico City. Although specific details have not been provided, it is expected that the government will impose taxes on key U.S. export products.
On its part, the Canadian government, led by Prime Minister Justin Trudeau, has also responded with retaliatory measures against the tariffs imposed by U.S. President Donald Trump.
Ottawa has implemented a 25% tariff on U.S. goods valued at 30 billion Canadian dollars and has announced that it will file complaints with the World Trade Organization (WTO) and the Canada-United States-Mexico Agreement (CUSMA).
Trudeau described Trump's decision as "an economic aggression" and asserted that the U.S. administration seeks to collapse the Canadian economy to pave the way for its annexation to the United States.
With the escalation of trade tensions, the relationship between Mexico, Canada, and the United States is at a critical juncture, with tariff reprisals that could significantly impact the economies of all three countries.
Trump and his idea about the impact of tariffs on prices in the U.S.
On February 28, President Donald Trump dismissed concerns regarding the impact of tariffs against several countries—among them China, Canada, and Mexico—on product prices in the United States, stating that it is a "myth."
In response to concerns from Americans, Trump stated that "it is a myth spread by foreign countries that really don’t like paying tariffs."
Despite studies and analyses indicating that tariffs are ultimately absorbed by consumers, Trump continued to defend his position, arguing that the imposed tariffs do not have the negative economic impact that is often attributed to them.
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