Mexico City.- The Mexican president, Claudia Sheinbaumhe thanked on Thursday the “will to dialogue” of his American counterpart, Donald Trumpto exclude your country from reciprocal tariffs taxes to dozens of nations.
Mexico is one of the most vulnerable countries to Trump’s tariffs, since the United States is the destination of 80% of its exports and its largest commercial partner, thanks to T-MEC Free Trade Agreement which also integrates Canada.
“You always have to thank the will to dialogue of the president of the United States with respect to our country,” said the president accompanied by her cabinet, governors and businessmen during an event at the Capital Anthropology Museum.
Sheinbaum seeks to strengthen the domestic market
The Mexican president announced a plan of 18 actions to strengthen the domestic market, including, Expand the national vehicle manufacturing To supply local demand, increase food and energy self -sufficiency, in addition to accelerating public works projects for this year.
Earlier, Sheinbaum said at his usual morning conference that Trump’s decision on reciprocal tariffs responds to “The good relationship” who has built with the tycoon.
Despite this, the president stressed that her government continues to dialogue with the US about the levies to the automotive industry, steel and aluminum, announced before reciprocal measures.
The automotive industry is vital for Mexicoa great world producer that houses brand factories such as Ford, Nissan, General Motors and Volkswagen.
Alternatives to tariffs
The Stellantis shipowner, who has plants in the Central City of Toluca and in Saltillo (North), said Thursday in a statement that would pause production in some factories in Mexico, where it produces vehicles of the Dodge and RAM brands, and Canada.
After his return to the White House in January, Trump threatened his two neighbors with 25%tariffs, in retaliation for allegedly allowing drug trafficking and the passage of undocumented migrants to US territory.
These levies entered into force in Mexico for all the goods that are not covered by the rules of the Free Trade Agreement. Therefore, the Mexican president said that all companies will enter “To export in the T-MEC”.
Until now, about 50% of Mexican export goods were under the framework of the T-MEC, but the application of tariffs is promoting a rapid migration of companies to this commercial regime, according to the Government.
Reciprocal tariffs
The Republican president announced Wednesday that he will sign a “historic executive order” that imposes “reciprocal tariffs” to countries around the world. “Reciprocal means: they do it to us and we do it to them,” Trump said from the White House.
The massive levies to the products that enter the United States will be 34% for Chinese goods, 20% for the EU, 46% for those of Vietnam, 25% for South Korea, 24% for Japan and 32% for Taiwan.
The “Reciprocal tariffs” They add up to 25% rates on car imports, levies against China, Canada and Mexico, and the toughest taxes about steel and aluminum.
For the countries of Latin America, it imposed a 10% rate for the products of Brazil, Colombia, Argentina, Chile, Peru, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras and El Salvador who enter the US.
He also announced a customs tariff of at least 10% for all products that enter the US territory. Although customs rates to the assets of Nicaragua, governed by dictator Daniel Ortega, will be 18%.
