Mexico is gearing up for more trade tango with the U.S. this week as President Claudia Sheinbaum doubles down on diplomacy-first strategy to address new tariffs. 🌐✈️
Diplomacy Over Tariffs 💬
President Sheinbaum confirmed Economy Minister Marcelo Ebrard will head to Washington D.C. to negotiate, calling reciprocal tariffs a 'last resort.' Though Mexico could match the proposed 25% levies, she stressed: 'Protecting Mexican industries comes first.'
Steel Industry Jitters 🔩
Mexico's iron and steel sector is bracing for impact—a 25% tariff would slam exports. The news follows U.S. President Trump's recent 'reciprocal tariffs' order targeting non-USMCA compliant goods.
What’s Next? 🤝
Under the USMCA deal, compliant goods still get tariff-free treatment. But with US–Mexico trade hitting $863B in 2023, both sides aim to avoid TikTok-worthy drama. 💼📉 Stay tuned for updates!
