Mexico will take countermeasures to protect its industry if the president of the United States, Donald Trump, refuses to give it a reduction in steel and aluminum exports, President Claudia Sheinbaum said Wednesday.
The Minister of the Economy, Marcelo Ebrard, will go to Washington in an attempt to reach an agreement, he added, describing “unfair” the duplication of taxes on steel and aluminum imports of 25 to 50 % announced by the Trump administration.
“If we do not reach an agreement, we will also announce certain measures that we must take to strengthen and protect the jobs,” said Clara Sheinbaum during his morning press conference. “It is not a matter of doing an eye for one eye, a tooth tooth, but to protect our industry and our jobs,” he added, without specifying what measures his government was considering.
Second Latin American economy
Donald Trump has already excluded Mexico, the leading commercial partner in the United States, from the list of nations that face their high “reciprocal prices.” On the other hand, car exports, as well as steel and aluminum remain subject to customs tasks. The economy of Mexico, the second largest in Latin America, is considered one of the most vulnerable to Donald Trump’s announcements about customs prices. More than 80% of Mexican exports go to the United States.
Mexico and the United States, as well as Canada, are linked by a tripartite Free Trade Agreement in North America.
Source: BFM TV
