MEXICO CITY (AP) — Mexico President Claudia Sheinbaum said Monday that her administration was waiting to see if U.S. President Donald Trump makes good on his threat to impose 25% tariffs on Mexican imports.
Her Cabinet secretaries for security and trade among others have been in constant communication with their U.S. counterparts and she said there was still the possibility she and Trump would speak Monday.
Trump had threatened to impose tariffs in February before suspending them at the last minute, when Mexico sent 10,000 National Guard troops to their shared border to crack down on drug trafficking and illegal immigration.
“It’s a decision that depends on the United States government, on the United States president,” Sheinbaum said. “So whatever his decision is, we will make our decisions and there is a plan, there is unity in Mexico.”
Trump said later on Monday that the tariffs will start as soon as Tuesday.
There is “no room left for Mexico or for Canada,” Trump said at a news conference announcing a significant investment in U.S. microchip production. “The tariffs, you know, they’re all set. They go into effect tomorrow.”
Mexico believes it has made a strong case.
The number of migrants arriving at the U.S. border is the lowest it has been in years.
Last week, Mexico sent 29 drug cartel figures, including the man involved in the 1985 killing of a DEA agent, to the United States.
Security forces have dismantled more than 100 synthetic drug labs in Sinaloa, and systematically weakened the two main factions of the cartel by the same name.
U.S. Treasury Secretary Scott Bessent said on Sunday that Mexico had offered to match the tariffs the U.S. will impose on China.
“It’s very important that the people know that we have made a very important effort of coordination, of collaboration, but it depends on the United States,” Sheinbaum said. “We have to respond to this decision.”
____
Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
