Mexico Postpones Response to U.S. Tariffs on Steel and Aluminum
Mexico is delaying its response to U.S. tariffs on steel and aluminum as President Claudia Sheinbaum negotiates to avoid further levies. This approach differs from Canada’s immediate counter-tariff response. Key discussions are ongoing in Washington, led by Economy Minister Marcelo Ebrard.
Mexico is currently postponing its response to the recent U.S. tariffs imposed on steel and aluminum imports. President Claudia Sheinbaum has opted for a non-retaliatory stance as negotiations progress to prevent additional tariffs on a broader range of products and services. This strategic delay is intended to gauge whether the U.S. will impose further 25% tariffs on all Mexican imports, which are presently on hold until April 2 under the North America Free Trade Agreement.
President Sheinbaum, known for her composed approach, contrasts sharply with Canada, which recently announced 25% counter-tariffs affecting approximately $21 billion of U.S.-made products following the Trump administration’s steel and aluminum levies. She 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.”
Key officials, including Mexico’s Economy Minister Marcelo Ebrard, met in Washington this week to address the steel and aluminum tariffs. Ebrard is anticipated to provide updates at Sheinbaum’s press conference scheduled for March 13, highlighting Mexico’s diplomatic efforts. In a similar vein, Brazil has indicated that it will adopt a reciprocal response to the U.S. tariffs only after pursuing negotiations with the Trump administration.
In summary, Mexico’s decision to delay retaliation against U.S. tariffs on steel and aluminum reflects a diplomatic approach aimed at negotiation. President Claudia Sheinbaum emphasizes the importance of existing trade agreements and patience before making any decisions. As Mexico navigates this complex trade landscape, the actions of Brazil signal a broader trend in regional responses to U.S. tariffs.
Original Source: www.ttnews.com
