Trade war looms: Mexican president warns of retaliation against Trump’s tariff threats

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Trade war looms: Mexican president warns of retaliation against Trump’s tariff threats - Business Mirror

Quick Summary:

MEXICO CITY—President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after US President-elect Donald Trump threatened to impose 25 percent import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.

Sheinbaum said she was willing to engage in talks on the issues, but said drugs were a US problem.“One tariff would be followed by another in response, and so on until we put at risk common businesses,” Sheinbaum said, referring to US automakers that have plants on both sides of the border.

But Sheinbaum, who took office October 1, is a stern leftist ideologue trained in radical student protest movements, and appears less willing to pacify or mollify Trump.“We negotiate as equals, there is no subordination here, because we are a great nation,” Sheinbaum said, while adding, “I think we are going to reach an agreement.