Economy

Mexico Strikes Back: Implements Retaliatory Measures Against US Tariffs

Mexico's Bold Response to US Tariffs

In a decisive move, Mexican President Claudia Sheinbaum announced the implementation of both tariff and non-tariff measures to safeguard Mexico's interests. This action comes as a direct response to the United States President Donald Trump's imposition of a 25% tariff on Mexican imports. Sheinbaum firmly rejected the White House's accusations against the Mexican government, emphasizing the absence of any alliances with criminal organizations.

Sheinbaum highlighted the irony in the US's stance, pointing out the sale of high-powered weapons to criminal groups by US arms depots, a fact corroborated by the US Department of Justice earlier this year. The Mexican President has tasked the Secretary of Economy with executing 'Plan B', a strategy designed to counteract the US tariffs and protect Mexico's economic interests.

US Justifies Tariffs as a Means to Combat Drug Trafficking

The White House, on the other hand, defended its tariff policy on Mexico, stating it as a measure to compel cooperation in the fight against drug trafficking. This justification sets the stage for a complex diplomatic and economic standoff between the two nations, with significant implications for trade relations and bilateral cooperation.