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.
US President Donald Trump has signed a decree imposing duties on goods from Canada, China and Mexico. The rates for products from Canada and Mexico will be up to 25%, and for Chinese goods – 10%.
Trump explained this decision by the need to combat illegal migration and drug smuggling.
Previously, the US, Canada, and Mexico had a free trade agreement, the USMCA, signed by Trump in his first term in office. The new duties could have a negative impact on the economies of Canada and Mexico, which could lose up to 2% of GDP. For the United States, the consequences will be less severe, with a 0.3% decline in GDP projected.
Canada and Mexico have already expressed disappointment with Washington’s decision. Ontario Premier Doug Ford said that Canada would be forced to respond with tough measures. Mexico, which is the largest trading partner of the United States, may also suffer significant losses, as more than 80% of its exports go to the United States.
The new duties will also affect German automotive companies such as Volkswagen, Audi, BMW, and Mercedes-Benz, which use Mexico as a production base for supplies to the US market. Experts fear that Chinese manufacturers, faced with barriers in the US, will increase pressure on European markets, which could lead to price wars.
The United Steelworkers trade union called on the White House to reconsider the decision, emphasizing that the duties harm both Canada and the United States. At the same time, Canada is considering diversifying its trade ties to reduce its dependence on the United States.
Source: https://amp.dw.com/ru/prezident-ssa-vvel-posliny-na-tovary-iz-kanady-kitaa-i-meksiki/a-71484154
Deputy Foreign Minister of Ukraine Iryna Borovets received copies of credentials from the newly appointed Ambassador of the United Mexican States to Ukraine, Audencio Contreras Gonzalez.
According to the press service of the Ministry of Foreign Affairs of Ukraine, the parties discussed issues of strengthening and intensifying bilateral relations, primarily in the political and economic spheres.
Borovets expressed gratitude for Mexico’s participation in the Global Peace Summit, which confirms the country’s commitment to the principles of the UN Charter. She emphasized the importance of joint efforts to establish a just and sustainable peace in Ukraine.
“The diplomats also exchanged views on Ukraine’s cooperation with Latin American and Caribbean countries and opportunities for further development of bilateral relations,” the statement said.
Three candidates are vying for the position of head of state in presidential elections being held in Mexico on Sunday, the Associated Press reported.
The incumbent president Andres Manuel Lopez Obrador is not taking part in the election, while Claudia Sheinbaum, who is favored by many observers to win, is running on behalf of his National Revival Movement party.
Sheinbaum’s rivals are Sochitl Galvez of the opposition center-right bloc “Strength and Heart for Mexico” and former member of the lower house of the Mexican parliament Jorge Alvarez of the “Citizens’ Movement” party.
Observers, paying attention to the trio of candidates, note the high probability that the new president of Mexico for the first time could be a woman.
Mexico’s president is elected for a six-year term.
In addition to the presidential elections on Sunday, Mexico is holding parliamentary elections, as well as local elections, including the mayor of the capital Mexico City and governors of eight states.
Earlier Experts Club analytical center presented analytical material about the most important elections in the countries of the world in 2024, elections in Mexico were among the top 5 most important elections in the world in 2024, more video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU.
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The Economy Secretariat (Secretaría de Economía) of Mexico has announced the launch of an administrative procedure for reviewing safeguard duties imposed on hot rolled sheets originated from Ukraine and Russia.
According to the announcement made on March 26, 2020 on official website of the Mexican government bulletin, the duties are being reviewed as the duties imposed earlier expired.
According to the document, safeguard duties on hot rolled sheets were imposed by Mexico on March 28, 2000 in the amount of 46.66% for Ukraine and 30.31% for Russia. On March 17, 2006, the duties were extended. After the new revision on September 8, 2011 it was decided to cut the duties for Ukraine to 25% and to 21% for Russia. On January 28, 2016 it was decided to extend the duties.
The Economy Secretariat (Secretaría de Economía) of Mexico has announced the launch of an administrative procedure for reviewing safeguard duties imposed on hot rolled sheets originated from Ukraine and Russia.
According to the announcement made on March 26, 2020 on official website of the Mexican government bulletin, the duties are being reviewed as the duties imposed earlier expired.
According to the document, safeguard duties on hot rolled sheets were imposed by Mexico on March 28, 2000 in the amount of 46.66% for Ukraine and 30.31% for Russia. On March 17, 2006, the duties were extended. After the new revision on September 8, 2011 it was decided to cut the duties for Ukraine to 25% and to 21% for Russia. On January 28, 2016 it was decided to extend the duties.
