In a bold move escalating trade tensions, Mexico has announced it will retaliate against the tariffs imposed by U.S. President Donald Trump. President Claudia Sheinbaum declared on Saturday that Mexico will implement its own tariffs and other measures in response.
The dispute intensified as Sheinbaum vehemently rejected accusations from Washington alleging her government's alliance with drug trafficking groups, calling the claims \"slander.\" In a detailed post on X, Sheinbaum asserted, \"We categorically reject the White House's slander that the Mexican government has alliances with criminal organizations, as well as any intention of meddling in our territory.\"
This development follows President Trump's recent order imposing tariffs on imports from Mexico, Canada, and China, heightening trade disputes on multiple fronts. Sheinbaum emphasized that Mexico is not seeking confrontation but desires collaboration and dialogue with its northern neighbor. \"Our government remains committed to fostering a positive relationship with the United States based on mutual respect,\" she stated.
Highlighting her administration's efforts since taking office in October, Sheinbaum pointed to significant achievements in combating drug trafficking, including the seizure of 20 million doses of the deadly synthetic opioid fentanyl and the detention of over 10,0000 individuals linked to drug trafficking.
Meanwhile, in a show of solidarity and mutual concern, Canadian Prime Minister Justin Trudeau announced that Canada would impose 25 percent tariffs on C$155 billion (approximately $106.5 billion) worth of U.S. goods in retaliation. \"C$30 billion worth of goods will be affected starting Tuesday, with an additional C$125 billion implemented in 21 days,\" Trudeau revealed at a news conference on Saturday.
The escalating trade tensions among these key North American partners are causing ripples in the global economic landscape. Entrepreneurs, investors, and market analysts are closely monitoring the situation, assessing potential impacts on international trade, supply chains, and economic growth.
(With input from agencies)
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Mexican president says Mexico will retaliate against U.S. tariffs
cgtn.com
