Business news from Ukraine

Business news from Ukraine

Mexico to prepare mirror measures in response to US duties

2 February , 2025  

Mexican President Claudia Sheinbaum has instructed the country’s Economy Ministry to prepare all possible measures in response to the US imposition of import duties on Mexican goods, calling the White House’s accusations against the Mexican government regarding its ties to criminal organizations slanderous.

“I am instructing the Minister of Economy to implement Plan B, which we are working on, which includes tariff and non-tariff measures to protect Mexico’s interests,” Sheinbaum wrote on social media platform X.

She also accused the United States of ineffectively combating the spread of fentanyl and supplying weapons to criminal groups in Mexico.

Sheinbaum suggested that Trump create a working group with the participation of the best experts in the field of public health and security, solving the problems “not through the introduction of tariffs, but through negotiations and dialogue.”

As reported, Trump is set to sign an executive order next week imposing 25% tariffs on goods imported from Mexico and Canada and 10% on goods imported from China. At the same time, duties on energy from Canada will be 10% and will affect the entire Canadian energy sector, including oil, gas, and electricity.

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