Mexico orders retaliation to Trump tariffs without detailing targets – EVOL

MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the U.S. decision to slap 25% tariffs on all goods coming from Mexico, as a trade war broke out between the two neighbors.

In a lengthy post on X, Sheinbaum said her government sought dialogue rather than confrontation with its top trade partner to the north, but that Mexico had been forced to respond in kind.

“I’ve instructed my economy minister to implement the plan B we’ve been working on, which includes tariff and non-tariff measures in defense of Mexico’s interests,” Sheinbaum posted, without specifying what U.S. goods her government will target.

The United States is by far Mexico’s most important foreign market, and Mexico in 2023 overtook China as top destination for U.S. exports.

Mexico has been preparing possible retaliatory tariffs on imports from the U.S., ranging from 5% to 20%, on pork, cheese, fresh produce, manufactured steel, and aluminum, according to sources familiar with the matter.

The auto industry would initially be exempt.

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