After U.S. President-elect Donald Trump threatened to impose 25 percent import duties on Mexican goods, President Claudia Sheinbaum said Mexico could retaliate with its own tariffs.
Trump says the tariff on Mexican imports will go into effect if the flow of drugs and migrants across the border doesn’t stop. While Sheinbaum says she’s willing to engage in talks on the issues Trump mentioned, she called drugs a “U.S. problem.”
Farm Policy News says Sheinbaum’s response was, “One tariff followed by another in response, and so on until we put at risk common businesses.”
What she’s referring to are businesses like U.S. automakers that have plants on both sides of the border. However, retaliatory tariffs on U.S. goods often target the agriculture and food industry, which Mexico did in 2018 in the lead-up to the U.S.-Mexico-Canada Trade Agreement. Canada and Mexico are also significant exporters of agricultural goods to America.
NAFB news service
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