Wednesday, 27 November 2024

Mexico’s President Raises Prospect of Retaliatory Tariffs on U.S. Goods

THE NEW YORK TIMES: President Claudia Sheinbaum responded to President-elect Trump’s threat to impose high tariffs, saying such a move would inflict damage on both countries.

Mexico’s president, Claudia Sheinbaum, hit back on Tuesday morning at President-elect Trump’s vow to impose 25 percent tariffs on all products coming into the United States from Mexico, signaling that her country was prepared to respond with retaliatory tariffs of its own.

Ms. Sheinbaum also said that raising tariffs would fail to curb illegal migration or the consumption of illicit drugs in the United States, an argument that Mr. Trump had made in his warning on tariffs.

“The best path is dialogue,” Ms. Sheinbaum said at her daily news conference, calling for negotiations with the incoming Trump administration while laying out steps that Mexico has already taken to assuage some of Mr. Trump’s concerns.

Ms. Sheinbaum, reading from a letter she is planning to send to Mr. Trump, noted that illegal crossings at the border between Mexico and the United States had plunged from December 2023 to November 2024, largely as a result of Mexico’s own efforts to stem migration flows within its own territory. » | Simon Romero | Simon Romero reports on Mexico, Central America and the Caribbean | Tuesday, November 26, 2024

Leer en español:

La presidenta de México responde a la amenaza de aranceles de Trump: La presidenta Claudia Sheinbaum leyó el martes una carta destinada al presidente electo Donald Trump en la que habló de las medidas que tomaría su país en respuesta. »

THE WASHINGTON POST:

Trump’s ‘America First’ bullying is back: President-elect Donald Trump isn’t wasting time setting the stage for his second term, with plans for tariffs on goods from Mexico, China and Canada. »