Mexico Delays Retaliation Against U.S. Tariffs on Steel and Aluminum

Mexico is delaying retaliation for U.S. tariffs on steel and aluminum, as President Sheinbaum seeks to negotiate with the U.S. to avoid additional levies. She stated she would wait for April to decide on further actions, contrasting with Canada’s immediate response to similar tariffs. The situation remains fluid as multiple discussions are ongoing.

Mexico is currently postponing its response to the United States’ tariffs on steel and aluminum imports. President Claudia Sheinbaum aims to avoid immediate retaliation while both nations engage in negotiations to prevent additional levies on a broad spectrum of products and services. On March 12, she expressed her preference to wait until the U.S. President decides on imposing a 25% tariff on Mexican imports in general, which is pending until April 2 under the North American Free Trade Agreement.

In summary, Mexico is strategically delaying its retaliatory tariffs in response to the U.S. steel and aluminum tariffs while navigating negotiations. President Claudia Sheinbaum’s patient approach contrasts with Canada’s immediate retaliation. This period of waiting will allow for further discussions, potentially leading to a cooperative solution before any decisions on tariffs are made.

Original Source: www.ttnews.com