Mexico is promising retaliatory tariffs on goods from the U.S. after President Donald Trump’s tariffs went into effect on Mexico and Canada on Tuesday.
The 25% tariff on all goods from Mexico and Canada will likely increase prices for consumers in the United States. In Mexico, the tariff could be a blow to the country’s export-heavy economy.
Mexican President Claudia Sheinbaum said in return, her country will put in place tariffs on goods from the United States.
“No one wins with this decision,” Sheinbaum said of Trump’s tariffs Tuesday.
Sheinbaum told reporters the tariff will affect not just Mexican businesses, but U.S. businesses operating in Mexico as well as consumers in the United States.
Sheinbaum said she will announce the U.S. goods her country is tariffing on Sunday. Canada has already announced it will put tariffs on more than $100 billion of goods from the United States.
“We’re going to maintain a rational dialogue,” Sheinbaum said.
-
Governors from several of Mexico’s states, including Sonora, met in Mexico City for a security meeting to approve the new law. -
The plan does not make vape use in the country illegal, but does crack down on distributors and producers. -
The proposed import fees come as the United States pressures Mexico to become less economically reliant on China. -
That includes more than 11,000 non-Mexican deportees, according to Mexican President Claudia Sheinbaum. -
Officers who received the training included some from Sonora’s new border operations division.
