Mexico Refrains from Retaliating Against Trump's Tariffs Amid US Trade War Escalation

Mexico's Economy Minister Marcelo Ebrard announced that his country will not retaliate against US President Donald Trump's new tariffs, which were imposed on 60 economies under Section 301 of the US Trade Act of 1974.

The tariffs are aimed at prohibiting the importation of goods produced with forced labor. As a result, Mexico would be subjected to a 10 per cent tariff on its exports, but only those that fall outside the US-Mexico-Canada (USMCA) trade agreement.

However, since 80 per cent of Mexican exports are already protected from tariffs under the USMCA, the country's economy will not be significantly affected. President Claudia Sheinbaum emphasized that Mexico has chosen a path of not escalating the conflict and will maintain its preferential position compared to the rest of the world.