Tariff war with US can be avoided, a confident Mexican President says

Sheinbaum, successful a societal media post, noted that “migrants and caravans are taken attraction of earlier they scope the border,” though it is uncertain whether this was a pledge, a statement of existent measures, oregon simply an observation, reported by AP.

Over the past fewer years, ample groups of migrants, incapable to get ceremonial crossing permits, person travelled successful caravans for information portion heading towards the US border. However, astir of these caravans person faced important challenges wrong Mexico, including blockades, arrests, and deportations by authorities. Sheinbaum’s comments look to item longstanding practices alternatively than a caller agreement.

Meanwhile, US President Joe Biden on Thursday urged Trump to reconsider his projected tariffs connected Mexico and Canada, informing of imaginable harm to relations with cardinal allies. Speaking successful Nantucket, Massachusetts, Biden said, “I anticipation helium rethinks it. I deliberation it’s a counterproductive happening to do.”

Trump has threatened to enforce 25% tariffs connected Mexican and Canadian imports unless some countries instrumentality stronger enactment to curb amerciable migration and stem the travel of drugs, including fentanyl, into the United States. Additionally, helium projected a 10% tariff connected Chinese imports, citing Beijing’s relation successful producing chemicals utilized successful fentanyl manufacturing.

Despite her assurance successful avoiding a tariff standoff, Sheinbaum acknowledged concerns astir imaginable economical fallout for Mexico. “The speech with President Trump was excellent,” she said, but Mexican industries, peculiarly agriculture, stay worried.

In occidental Mexico, the avocado industry, a large supplier to the US, is connected edge. A 25% tariff could importantly rise prices for American consumers, perchance reducing request for the fruit, which supports countless tiny growers and workers.

Earlier this week, Sheinbaum revealed that Mexico was preparing a database of retaliatory tariffs successful lawsuit Trump moves guardant with his plan. Analysts estimation that if the projected tariffs connected goods from Mexico, Canada, and China were implemented, they could magnitude to $266 cardinal successful taxation collections. This fig does not relationship for imaginable commercialized disruptions oregon countermeasures.

The costs of specified tariffs would apt beryllium borne by US households, businesses, and companies successful the signifier of accrued prices oregon diminished profits.

(with inputs from AP)