Mexico pledges tariffs on US while calling for cooperation

Quick Summary:

Mexico’s President Claudia Sheinbaum said she instructed the economy minister to kick off a response plan that includes retaliatory tariffs against US President Donald Trump’s promised 25 percent levies.

Trump’s orders include retaliation clauses that would increase US tariffs if the countries respond in kind, as Mexico and Canada have pledged to do.

The Mexican president asked Economy Minister Marcelo Ebrard to “implement the Plan B” her administration has been working on to deal with trade levies.

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Article Details

Author / Journalist: Alex Vasquez | Bloomberg

Category: BusinessStartups

Markets: PhilippinesCanadaChinaMexico

Topics: Tariffs President Trade Mexico Mexican Levies Countries Percent Trump Sheinbaum Trump’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 12:30:48 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25724747

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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