President Claudia Sheinbaum called for cool heads to prevail after Donald Trump’s vow to impose hefty tariffs sent the country’s currency tumbling on fears that Mexico will become a target of his administration.
President Donald Trump told reporters hours after taking office that he was considering levying a blanket duty on Mexico and Canada on Feb. 1.
Trump pledged in his inaugural address that tariffs would be coming in a speech in which he promised a golden era for America. He later said Canada and Mexico could be hit with the tariffs as soon as Feb. 1, though he signed an executive order requesting a report coordinated by the Secretary of Commerce by April. 1.
The announcement comes two weeks after Mexico pledged a a 19% duty on goods entering the country via courier from nations without trade agreements like China
Claudia Sheinbaum is pulling out all the stops to support the roughly 5 million undocumented Mexicans living in the US.
Mexico's relationship with the U.S. 'has to be between equals,' President Sheinbaum said at her Monday press conference.
The Sheinbaum administration is gathering data to argue against tariffs, emphasizing their potential to harm U.S. economic growth and inflation.
President of Mexico, Claudia Sheinbaum, has publicly countered Trump's threats of mass deportations and tariffs. Will that hold come Jan. 20?
Several chafed at his plans as President Trump enacted immigration measures affecting their countries and vowed to impose tariffs on Mexico and Canada.
All along the 2,000-mile border, business leaders, border agents, migrants and their advocates are bracing for change in U.S. policies on trade and immigration.
President Claudia Sheinbaum is detaining more migrants, seizing more fentanyl and positioning her country as a key ally against China. But the U.S. stance has shifted, too.
U.S. President-elect Donald Trump sent shockwaves through global trade by threatening 25% tariffs on Mexico and Canada, effectively ripping up a regional trade agreement, if the two countries didn't do more to curb migration and the flow of drugs.