MEXICO CITY, March 4 – Mexican President Claudia Sheinbaum on Tuesday stated there was no justification for U.S. President Donald Trump’s 25% tariffs on imports from Mexico and stated her authorities would reply with tariff and non-tariff measures.
“There is no reason, rationale or justification to support this decision that will affect our people and nations … Nobody wins with this decision,” Sheinbaum stated at her common morning press convention.
Trump’s tariff actions went stay at 12:01 a.m. in Washington (0501 GMT) after an preliminary 30-day pause, throughout which Mexican officers engaged in talks with Washington and bolstered safety on the U.S.-Mexico border.
Trump on Monday declared that Mexico, together with Canada and China, had did not do sufficient to stem the stream of the lethal fentanyl opioid and its precursor chemical substances into the U.S.
Sheinbaum stated Mexico had collaborated with the U.S. on migration, safety and anti-drug trafficking.
“In these 30 days, decisive actions were taken against organized crime and fentanyl trafficking, as well as bilateral meetings on security and trade,” Sheinbaum stated.
Sheinbaum stated she would give particulars on Mexico’s response, together with retaliatory tariffs, at an occasion within the capital’s iconic Zocalo sq. on Sunday.
The Mexican peso MXN= weakened on Tuesday morning, buying and selling down round 1% towards the greenback.
