Summary
Mexican President Claudia Sheinbaum announced retaliatory tariffs after the U.S. imposed a 25% tariff on all Mexican goods.
While she emphasized a preference for dialogue, she directed her economy minister to implement countermeasures without specifying targets.
Sources indicate potential tariffs of 5%-20% on U.S. pork, cheese, fresh produce, and metals, but not autos.
Sheinbaum also rejected U.S. allegations of cartel ties and highlighted Mexico’s anti-fentanyl efforts.
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Canada 🤝 Mexico solidarity. Honestly, we should just create a new NAFTA or, sorry, CUSMA, without the USA; and tighten our trade with the EU while we’re at it.