President Donald Trump says a 25% across-the-board tariff will go into effect early next week.
On a phone call in early February, Mexican President Claudia Sheinbaum made a last-minute agreement with Trump to delay tariffs on her country for a month. The new deadline is early next week.
Coming up on the end of that suspension, she said during her daily morning news conference that talks with the U.S. were ongoing.
“Those dialogues continue,” Sheinbaum said. She said Mexico is waiting for the end of the current negotiation cycle and hoping it can come to an agreement with the Trump administration.
After the tariff talks earlier this month, Sheinbaum deployed additional Mexican national guard troops to the Mexico-U.S. border. She said during her press conference she planned to have another phone call with Trump, but that a date and time hadn’t yet been set.
A 25% tariff on Mexico and Canada would most likely raise prices for consumers in the U.S. Sheinbaum has said that if tariffs on Mexico go forward, her country plans to levy retaliatory tariffs.
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