Mexico is stepping forward to negotiate with the U.S. amid new tariff measures that could crank up prices. Mexican President Claudia Sheinbaum stated this Monday that while Mexico hasn't ruled out a reciprocal tariff increase of up to 25 percent, the country prefers to resolve differences through discussion. 😊
To keep the dialogue moving, Mexican Economy Minister Marcelo Ebrard is headed to Washington D.C. this week to continue talks with U.S. officials. The administration is keen on protecting Mexican industry and companies, ensuring that the economic impact is minimized.
Concerns are also mounting among industry insiders, as Mexico's National Chamber of the Iron and Steel Industry warned that the recent tariffs could sharply affect Mexican steel exports. These trade tensions come at a time when U.S. measures, recently signed by President Trump, already impose a 10 percent baseline tariff on non-USMCA compliant goods—with non-compliant products facing a 25 percent rate—while USMCA-compliant goods remain exempt.
In an era where every market shift can spark global reverberations, both Mexico and the U.S. seem intent on keeping the conversation open. This approach could help stabilize prices and safeguard trade ties, offering a hopeful outlook in uncertain times. Stay tuned for more updates!
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Mexico to pursue dialogue with U.S. before reciprocal tariffs
cgtn.com
