Mexico could seek other trade partners after US tariffs, president says
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Mexican President Claudia Sheinbaum held a press conference on March 4 to announce the response to US tariffs.
PHOTO: REUTERS
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MEXICO CITY - Mexico’s government may look for other trade partners besides the US, the nation’s president said on March 5 after US President Donald Trump slapped tariffs on the US’ southern neighbour
President Claudia Sheinbaum said that Mexico could shift trade alliances “if necessary”, referring to the possible continuation of the tariffs.
Mr Trump’s new 25 per cent tariffs on imports from Mexico and Canada took effect on March 4, along with fresh duties on Chinese goods, standing to seriously alter supply chains and long-standing trade partnerships.
Ms Sheinbaum is tentatively set to have a phone call with Mr Trump on the morning of March 6 about the tariffs, she said in her daily morning press conference.
If the tariffs continue after that, Mexico “will reach out to Canada and other nations”, she said.
Ms Sheinbaum has threatened retaliatory actions of her own, including tariffs, on the US. She is set to detail her decisions in a public event on March 9 in Mexico City’s downtown square. REUTERS
