US Tariffs Force Mexico to Look for Other Markets
Mexican President Claudia Sheinbaum, March 4, 2025. Photo: EFE
March 4, 2025 Hour: 12:16 pm
If the tariffs become permanent, Sheinbaum will promote investment in companies that produce for the domestic market.
On Tuesday, Mexican President Claudia Sheinbaum stated that she would consider seeking other markets and the “geographical diversification of the Mexican economy” following the imposition of 25% tariffs on Mexican products by the United States.
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“If the tariffs are upheld, a very important assessment of the geographical diversification of the Mexican economy will have to be made,” she said in response to the tariffs announced by U.S. President Donald Trump, which took effect at midnight on Tuesday, imposing a 25% levy on imports from Mexico and Canada.
Sheinbaum also emphasized that U.S. tariffs are violating the United States-Mexico-Canada Agreement (USMCA), which has provided “strength” to the region.
“It has allowed us to create jobs in all three countries, improve well-being, and compete more effectively with other regions. Now, by imposing 25% tariffs, the entire trade agreement is essentially being violated, and there is also a legal aspect that must be pursued,” she stressed, warning that if the U.S. tariffs become permanent, her administration will promote investment in companies that produce for the domestic market.
“We need to find other markets. Mexican avocados are excellent. The U.S. market is very close, and they go there. However, many other places might want Mexican avocados. Other Mexican agricultural exports can also be directed elsewhere, and we can also receive imports from other places,” Sheinbaum stated.
Nevertheless, the Mexican leader would seek dialogue with the United States and assured that trade between both nations would continue. Sheinbaum warned about the negative effects that the U.S. tariffs will have on bilateral trade.
On Sunday, she will unveil tariff and non-tariff measures that Mexico will impose on U.S. goods and services. She also firmly rejected the measures adopted by the United States, Mexico’s main trading partner, warning that they will have negative effects on both countries.
teleSUR/ JF
Source: EFE
