President Claudia Sheinbaum says Mexico could retaliate with tariffs of its own, after President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods.

Summary

Mexican President Claudia Sheinbaum suggested imposing retaliatory tariffs if Trump follows through on his threat of 25% import duties on Mexican goods.

Sheinbaum emphasized Mexico’s efforts to curb migration and drug trafficking, framing fentanyl as a U.S. public health issue and criticizing U.S. spending priorities.

She warned tariffs could harm both nations’ economies, especially their intertwined auto industries, and stressed the importance of dialogue.

Trump threatened to impose tariffs on Mexico and Canada, citing concerns about drug and migrant flows, but the US-Mexico-Canada free trade agreement prohibits such actions.

  • Ersatz86@lemmy.world
    1041·
    16 days ago

    Golly, you don’t suppose the outcome of this trade squabble could push Mexico straight into China’s loving embrace, thereby achieving exactly the opposite of the ostensible goals of the trump tariffs? All whilst driving up prices in the US? Do you??

    • TrickDacy@lemmy.world
      352·
      16 days ago

      No, definitely not. The only way to lower prices is to raise them drastically. You see, if you don’t let these supposed “economists” and “third graders who understand addition” tell you otherwise, you can easily see that this is a fucking brilliant plan. That’s why the astute American public bought it. Because they’re so educated.

    • Frozengyro@lemmy.world
      171·
      16 days ago

      Russia is okay with it. If they could I’m sure they would orchestrate such things to happen

    • HellsBelle@sh.itjust.worksEnglish
      25·
      16 days ago

      The current agreement (known as USMCA or NAFTA 2.0) was signed in 2018 and took effect in 2020. Trump wants to use the 6-year renegotiation provision that is in the deal to fuck with Canada and Mexico even more than the current deal does.

      • driving_crooner@lemmy.eco.br
        3·
        16 days ago

        That explains why Canada is being treated in the same way that Mexico, if the US wants to apply the tarifs in the USMCA treat it had to be applied to both

        • HellsBelle@sh.itjust.worksEnglish
          4·
          16 days ago

          if the US wants to apply the tarifs in the USMCA treat it had to be applied to both

          I’m not sure that it’s mandatory (within the agreement) that tariffs must be unilateral. I suspect the orange asshole is simply doing it to both nations so that he appears to be taking a strong stance on the “Buy American” mantra.

          • driving_crooner@lemmy.eco.br
            3·
            16 days ago

            I’m not an expert on international commerce, but I don’t think it make sense to have a multinational trade aggrentment where every country have different deals with each other

            • HellsBelle@sh.itjust.worksEnglish
              3·
              16 days ago

              True.

              The same could be said of a multi-national agreement that gets revisited every six years at the whim of one leader.

  • alexc@lemmy.world
    211·
    16 days ago

    I’m sure my Canadian Government will follow this up with a strongly worded letter to the Americans asking if it’s OK if they impose tariffs, too.

  • teawrecks@sopuli.xyz
    19·
    16 days ago

    Trump keeps praising McKinley for his tariffs, but I guess he completely forgot that it famously failed, caused prices to skyrocket for all Americans, and the Republican party handily lost in midterms and the next election.

  • Pacattack57@lemmy.world
    4·
    15 days ago

    That’s exactly how tariffs work. 2 countries fucking themselves over to see who has the bigger dick. China will impose tariffs also on us.