Mexican President Claudia Sheinbaum expressed confidence that a potential tariff war with the United States can be avoided following a phone call with President-elect Donald Trump. Trump had claimed that Sheinbaum had agreed to stop unauthorized migration across the border, but Sheinbaum’s statement on social media seemed to confirm that migrants are already being taken care of before reaching the border.
Despite Sheinbaum’s assurance, concerns remain among Mexicans about the impact tariffs could have on iconic products like avocados, which are a major export to the U.S. market. Trump had threatened to impose tariffs on imports from Mexico and Canada until they address issues like illegal immigration and drug trafficking. President Biden expressed hope that Trump would reconsider, calling the tariffs counterproductive.
If Mexico, Canada, and China faced additional tariffs proposed by Trump, it could result in approximately $266 billion in tax collections. This could significantly impact U.S. families, importers, and companies through higher prices or lower profits. Sheinbaum mentioned that Mexico was preparing a list of retaliatory tariffs in case Trump moves forward with his plans.
The phone call between Sheinbaum and Trump was described as “excellent,” but the details of the agreement or lack thereof remain unclear. The situation highlights the delicate balance of economic relationships between the U.S. and its allies, and the potential consequences of escalating trade tensions.
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