Mexico Announces Retaliation Against U.S. Tariffs
Mexico City — Mexico will retaliate against the tariffs imposed by U.S. President Donald Trump with its own tariffs and other measures, President Claudia Sheinbaum announced on Saturday.
President Sheinbaum stressed her government's position in a statement, emphasizing Mexico's commitment to fair trade. \"We do not seek confrontation with our northern neighbor, but we will defend our nation's interests,\" she declared.
She also rejected accusations from Washington that her government has alliances with drug trafficking groups, calling them \"slander.\" In a lengthy post on X, Sheinbaum wrote, \"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.\"
The tensions escalated after President Trump signed an order imposing tariffs on imports from Mexico, Canada, and China. Mexico's response highlights growing strains in international trade relationships.
Since assuming office in October, President Sheinbaum has sought to ease tensions with the United States. She highlighted her administration's efforts in combating drug trafficking, including the seizure of 20 million doses of the synthetic opioid fentanyl and the detention of over 100,000 individuals linked to drug-related activities.
Canada has also responded to the U.S. tariffs. On Saturday, Canadian Prime Minister Justin Trudeau announced that Canada would impose 25 percent tariffs on C$155 billion ($106.5 billion) worth of U.S. goods in retaliation. \"C$30 billion worth of goods will take effect on Tuesday, while C$125 billion will be implemented in 21 days,\" Trudeau announced at a news conference.
The imposition of tariffs among these major economies signals significant shifts in global trade dynamics. Markets and investors worldwide are closely monitoring these developments, considering the potential ripple effects on the international economy, including Asian markets.
(With input from agencies)
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Mexican president says Mexico will retaliate against U.S. tariffs
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