US President-elect Donald Trump’s threat of 25% tariffs on Mexican and Canadian goods has sparked calm but firm resistance from Mexico. In response, Mexican President Claudia Sheinbaum urged cooperation and mutual understanding in addressing migration dynamics and drug consumption in the US.
Sheinbaum argued that imposing such tariffs would harm US companies operating in Mexico, particularly automakers, and lead to inflation and unemployment on both sides of the border. “Threats and tariffs are not the way to address migration dynamics or drug consumption in the United States,” she said in a letter to Trump this week.
Mexico’s reaction emphasizes the importance of economic realities and fact-based decision-making. If Mexico fails to respond with explicit actions, a North America trade conflict could ensue.
Source: https://www.bloomberg.com/opinion/articles/2024-11-29/explaining-economics-to-trump-won-t-save-mexico