Trade war heats up: After Canada and China, Mexico announces retaliatory tariffs against US

Mexico President Claudia Sheinbaum on Tuesday introduced retaliatory tariffs against US’s “unilateral decision” to impose 25% tariffs on its items.
“I want to make it clear today that we will always seek a negotiated solution as we have proposed within the framework of respect for our sovereignty,” Sheinbaum stated.
“But the unilateral decision taken by the United States affects national and foreign companies that operate in our country and affects our people. Therefore, we have decided to respond with tariff and non-tariff measures,” she added.
She additionally accused the States of publishing “an offensive, defamatory and unsupported statement,” after the White House alleged in its tariff announcement that the Mexican authorities had “afforded safe havens for the cartels.”
Unlike China and Canada, Mexico selected to delay its response till Sunday, regardless of saying since January that it had a ready plan for this precise scenario.
The tariffs threatened by Trump against Canada and Mexico took impact on Tuesday, growing the danger of retaliation from the US’s North American allies.
In response to US tariffs on China, Beijing introduced extra tariffs of as much as 15% on key US farm merchandise, together with rooster, pork, soy, and beef, whereas additionally increasing restrictions on US companies. Canada too introduced 25% tariffs against US.
China’s new tariffs, efficient March 10, observe Trump’s determination to boost tariffs on Chinese imports to twenty% and impose 25% tariffs on Canada and Mexico, each of which took impact on Tuesday.