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Mexico warns US it is ready to seek other trade partners

March 5, 2025
in Financial
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Mexico will search for different buying and selling companions if wanted within the face of US President Donald Trump’s sweeping tariffs, his Mexican counterpart Claudia Sheinbaum warned Wednesday.

Mexico has to take “essential choices for the way forward for the nation” and “if obligatory, different buying and selling companions can be sought,” she mentioned at her morning information convention.

Sheinbaum mentioned Tuesday her authorities would reply to Trump’s 25-percent tariffs with retaliatory duties, calling on supporters to mass in Mexico Metropolis’s principal sq. on Sunday to listen to particulars.On the similar time, she has mentioned her authorities would like a negotiated answer and that she expects to talk to Trump by cellphone on Thursday in regards to the tariffs, which he has linked to fentanyl trafficking and unlawful migration.

The doorways to dialogue “should at all times be open,” Sheinbaum mentioned.

Final week, her left-wing authorities pledged to take coordinated actions with Washington to deal with drug flows.It additionally extradited a few of its most infamous imprisoned drug lords to the US, together with a cartel kingpin needed for many years over the homicide of a US spy.The USA is Mexico’s prime buying and selling companion, shopping for greater than 80 p.c of its exports.

Sheinbaum has accused Washington of violating a free commerce settlement with Mexico and Canada that was renegotiated throughout Trump’s 2017-2021 presidency.

“Are we guilty for firms deciding to come back to Mexico to export to the US? No, it is the results of relationship since President Trump’s first time period and the commerce settlement that got here earlier than,” she mentioned.

The USA-Mexico-Canada Settlement (USMCA), which changed the earlier NAFTA accord on July 1, 2020, is because of be reviewed by July subsequent 12 months.

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