exellent crabVietnamese crab exporter

Mexican President Says Tariff War With US Can Be Averted

Associated Press
November 29, 2024 | 5:49 am
SHARE
FILE - Newly-sworn in President Claudia Sheinbaum addresses supporters in Mexico City on Oct. 1, 2024. (AP Photo/Fernando Llano, File)
FILE - Newly-sworn in President Claudia Sheinbaum addresses supporters in Mexico City on Oct. 1, 2024. (AP Photo/Fernando Llano, File)

Mexico City. Mexican President Claudia Sheinbaum said Thursday she is confident that a tariff war with the United States can be averted.

But her statement -- the day after she held a phone call with US President-elect Donald Trump -- did not make clear who had offered what.

“There will be no potential tariff war,” Sheinbaum said flatly when asked about the issue at her daily morning news briefing.

On Wednesday, Trump wrote that Sheinbaum had agreed to stop unauthorized migration across the border into the United States. She wrote on her social media accounts the same day that “migrants and caravans are taken care of before they reach the border.”

ADVERTISEMENT

But whether that constituted a promise, a pledge or a simple statement of reality remains unclear. In recent years, migrants who have been unable to obtain permission to cross Mexico have joined together in caravans to walk or hitchhike north toward the US border, seeking safety in numbers.

In fact, apart from the first caravans in 2018 and 2019 -- which were provided buses to ride part of the way north -- no caravan has ever reached the border walking or hitchhiking in any cohesive way.

For years, migrant caravans have often been blocked, harassed or prevented from hitching rides by Mexican police and migration agents. They have also frequently been rounded up or returned to areas near the Guatemalan border. So, Sheinbaum's statement appears to reflect a reality that has been true for some time.

US President Joe Biden on Thursday said he hoped Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could “screw up” relationships with close allies.

“I hope he rethinks it. I think it’s a counterproductive thing to do,” he told reporters in Nantucket, Massachusetts.

Trump had earlier threatened to impose 25 percent tariffs on imports from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also said Chinese imports would face additional tariffs of 10 percent until Beijing cracks down on the production of materials used in making fentanyl.

Despite Sheinbaum's confidence -- she described the phone conversation with Trump as “excellent" -- many Mexicans worry that US tariffs could affect a wide range of iconic Mexican products and threaten entire regional economies.

In western Mexico, no crop supplies an income for so many small growers as avocados, and Mexico is the main supplier of the fruit for the US market. But avocado growers, pickers and packers worry that US consumers, faced with 25 percent higher prices, may just skip the guacamole.

And earlier this week, Sheinbaum said Mexico was preparing a list of retaliatory tariffs if Trump went ahead with his plans for import duties.

If Mexico, Canada and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries.

The cost of those taxes would likely be borne by US families, importers and domestic and foreign companies in the form of higher prices or lower profits.

Tags: Keywords:
SHARE

Related Articles


News Jun 12, 2026 | 1:57 am

Trump Calls Off Latest Threats to Strike Iran, Citing Progress in Negotiations

Trump had threatened further escalation earlier Thursday, posting on social media that the US would hit Iran “VERY HARD TONIGHT”.
Opinion Jun 10, 2026 | 10:10 am

A War Neither Side Can Control: The Political Costs for Trump and Netanyahu

The US retains military superiority over Iran, but the political trajectory of the war is increasingly slipping beyond its control.
News May 30, 2026 | 11:34 am

Hegseth Reassures Pacific Allies While Softening China Rhetoric

Hegseth reassured Indo-Pacific allies of U.S. commitment while adopting a more measured tone toward China.
News May 29, 2026 | 12:50 am

US and Iranian Negotiators Reach Tentative Deal to Extend Ceasefire 

Washington and Tehran have repeatedly accused each other of violating the seven-week ceasefire and have traded strikes throughout the week.
News May 18, 2026 | 10:38 pm

Trump Withdraws $10B Suit Against Internal Revenue Service

The decision is part of a deal that would create a $1.7 billion fund to pay allies of the president.
News May 14, 2026 | 9:30 am

Trump-Xi Meeting Opens in Beijing With Low Expectations on Trade, Security

Trump met Xi in Beijing as both sides opened talks, with little expectation of breakthroughs on Iran, Taiwan and trade.
Business May 11, 2026 | 6:33 pm

Rupiah Hit by Global “Perfect Storm,” Weakens to Rp 17,414

Rupiah weakened to Rp 17,414 per dollar as escalating US-Iran tensions and cautious sentiment ahead of US inflation data boosted safe-haven
Business May 5, 2026 | 9:05 am

JCI Dips as Iran-US Tensions Drive Oil to $114

JCI slipped as Hormuz tensions lifted oil to $114, while easing inflation and a trade surplus failed to offset global risks.
Business May 4, 2026 | 4:15 pm

JCI Gains 0.22% on Stable Inflation, Trade Surplus Support

JCI rose 0.22% to 6,957 as easing geopolitics and stable inflation offset weak manufacturing signals.
News May 4, 2026 | 10:47 am

Trump Unveils ‘Project Freedom’ to Escort Ships from Strait of Hormuz

The US will launch Project Freedom to guide ships from the Strait of Hormuz as tensions rise and fresh attacks hit vessels.

The Latest


News 8 hours ago

Ayase Ueda Scores Twice in Japan’s 4-0 Win Against Tunisia 

Japan’s four goals were the most the Samurai Blue had ever scored in a World Cup game.
News 11 hours ago

Jakarta Completes Rasuna Said Revamp, Removes 109 Derelict Pillars

Jakarta has completed the transformation of Rasuna Said, removing 109 abandoned monorail pillars and upgrading public spaces.
News 12 hours ago

Curacao Earns First-Ever World Cup Point after Goalless Draw with Ecuador

Curacao goalkeeper Eloy Room made 15 saves against a relentless Ecuador attack, allowing The Blue Wave to earn a 0-0 draw.
News 14 hours ago

Germany Beats Ivory Coast 2-1 to Advance to World Cup Knockout Phase

Four-time champion Germany has come back from disappointing group stage exits in 2018 and 2022.
News 14 hours ago

Netherlands Routs Sweden 5-1 to Lead Group F

Sweden coach Graham Potter said the defeat was less about what his team did and more about just how good Netherlands played Saturday.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED