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Mexico to detail tariff counter-measures Monday

  • : Crude oil
  • 25/02/03

Mexico's president Claudia Sheinbaum vowed an in-kind response to US president Donald Trump's 25pc tariffs on Mexican imports, but details will not be released until her Monday morning press conference.

Mexico had sought dialogue with the US government in recent weeks, Sheinbaum said, but now that the White House decided to impose the tariffs effective 4 February her government is forced to respond.

"I instructed the minister of economy to implement Plan B, which we have been working on, including tariff and non-tariff measures in defense of Mexico's interests," Sheinbaum said over the weekend.

Mexico's economy minister Marcelo Ebrard confirmed that "Plan B" is ready to go. "We will win," he said, after calling the tariffs "a shot in the foot" for the US on the social media platform X.

Sheinbaum characterized the text of Trump's executive order as "slander" in accusing Mexico's government of being an instrument of the country's drug cartels. She pointed toward the flow of high-powered weapons from the US to Mexico and suggested that the US could implement more internal measures to combat the fentanyl crisis.


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