Mexico Ready For Trump’s Tariff Hike Threats

President Claudia Sheinbaum dismissed concerns about whether Mexico is preparing for President Donald Trump to announce 25% tariffs on Mexican goods on Feb. 1, Bloomberg News reported.

Mexico is now the leading trade partner of the U.S., while Canada supplies the U.S. with gas, minerals, farm products, and other goods. I Photo: Claudia Sheinbaum Pardo Facebook

“We don’t expect it will happen,” she said. “But if it does, we have our plan.”

Expectations are mounting ahead of the date Trump has suggested as a possible deadline for imposing such tariffs. Mexico is now the leading trade partner of the U.S., while Canada supplies the U.S. with gas, minerals, farm products, and other goods.

The potential tariffs could threaten the nearly $800 billion in annual trade between the two countries and call into question the protections offered by the U.S.-Mexico-Canada Agreement (USMCA), which Trump signed in 2020.

Trump believes that a trade imbalance in favor of Mexico or Canada is, ipso facto, proof that the U.S. is being exploited by its neighbors.