Mexico is prioritizing dialogue with the United States in response to new tariffs, aiming to prevent a trade dispute that could lead to increased prices for consumers. Mexican President Andrés Manuel López Obrador emphasized on Monday the importance of protecting national industries without escalating tensions.
Economy Minister Raquel Buenrostro is set to travel to Washington, D.C. this week to continue talks with U.S. officials. “We are committed to finding a mutually beneficial solution through dialogue,” López Obrador said at a press conference. “While we do not rule out reciprocal measures, our focus is on avoiding additional tariffs that could impact our economy.”
The president stressed the government’s dedication to safeguarding Mexican industries and companies. Mexico’s National Chamber of the Iron and Steel Industry has warned that the U.S. tariffs could significantly affect steel exports, potentially harming both economies.
Earlier this month, U.S. President Joe Biden signed an executive order introducing a 10 percent “minimum baseline tariff” on certain imports, aiming to protect domestic industries. For Canada and Mexico, goods compliant with the United States-Mexico-Canada Agreement (USMCA) will continue to be exempt from tariffs, while non-compliant goods may face a 25 percent tariff, according to the White House.
Mexico’s approach highlights a desire to strengthen economic ties while addressing trade challenges collaboratively. “Our priority is to maintain a strong relationship with our trading partners,” said López Obrador. “Open communication is the key to resolving disputes and promoting prosperity in the region.”
