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.
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