Mexico Slams U.S. Tariffs, Vows Retaliatory Actions in Response to Economic Strain

On Tuesday, Mexican President Claudia Sheinbaum expressed strong disapproval of U.S. President Donald Trump’s decision to impose a 25% tariff on imports from Mexico. She indicated that the Mexican government would implement retaliatory measures, though she did not provide specifics at that time.
Trump’s tariffs, which took effect overnight, represent a significant departure from over three decades of economic cooperation between Mexico and the United States. The move could have far-reaching consequences for Mexico, Latin America’s second-largest economy.
As key trading partners, the U.S. and Mexico benefit from industries such as automotive, which rely on the seamless exchange of goods facilitated by their trilateral trade agreement with Canada.
Sheinbaum emphasized that there is no justification for the decision, noting its potential negative impact on both nations. She announced that further details about Mexico’s response, including possible retaliatory tariffs, would be shared during an event in Mexico City’s Zocalo square on Sunday.
She also mentioned that she plans to engage in a conversation with President Trump later in the week, likely on Thursday.
Following the announcement, Mexico’s peso and stock market experienced declines, with the peso falling approximately 0.6% against the dollar and the main stock index dropping by 1% before midday.