Mexican president, Claudia Sheinbaumhighlighted this Friday that Mexico was “better” than other countries in the tariff scheme that The American president announced Donald Trumpwho excluded Mexican products that comply with the North American Commercial Agreement.
“We have a better situation than in which they are, at least at this time, other countries of the world and we continue working“The Mexican ruler declared at her morning conference.
Sheinbaum recalled that Trump exempt the products of the Treaty between Mexico, the United States and Canada (T-MEC) on Wednesday of minimum 10 % commercial tax for everyone and higher rates for other regions, as 20 % for the European Union (EU) and 34 % for China.
This has caused stock profit gains in Mexico that contrast with the global collapse of the bagsbecause the Mexican Stock Exchange (BMV) rose 0.54 % on Thursday compared to falls from 4 % to 6 % in Wall Street indices, 3.84 % in Toronto, the largest drop in five years, and about 3 % in Europe’s bags.
“What benefits within this scheme do we have? First, the proximity with the USA if there is the same tariff of a product that comes from Europe, from Asia, that the one who has Mexico, suppose that the current circumstance will remain, what advantage do we have? That we are close and transport costs are minor“Sheinbaum said.
The president hoped that “Economic integration“From North America will allow you to” achieve better conditions “with Trump for the Mexican automotive, steel and aluminum industrythat are subject to the 25 % tax that the United States implemented to the whole world.
Mexico declares winner in the middle of the global debacle for Trump’s tariffs
With most countries in the world still shocked by tariffs announced Wednesday by Donald Trump, the president of Mexico, Claudia Sheinbaum, thanked the US president … pic.twitter.com/xog70qswoh
– Spanish DW (@DW_ESPANOL) April 4, 2025
Also read: “They hacked my phone and mail”: Sheinbaum confirms intervention of their contact media