Mexico’s reaction to US President-elect Donald Trump’s threat of tariffs has been calm, firm, and based on facts. Now, the response needs to be followed by explicit actions or risk a North America trade conflict.
In responding to Trump’s warnings about imposing 25% tariffs on all Mexican and Canadian goods if those countries don’t do more to stem illegal migration and the trafficking of drugs into the US, Mexico President Claudia Sheinbaum made a rational economic argument: Such tariffs will hurt US companies operating in Mexico, particularly automakers, and spur inflation and unemployment on both sides of the border. “Threats and tariffs are not the way to address migration dynamics or drug consumption in the United States. Cooperation and mutual understanding are needed,” Sheinbaum said in a letter addressed to Trump this week.
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Publish date : 2024-11-28 21:30:00
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