Mexico to avoid US tariff retaliation but keeps option open

From mining-technology.com

exican President Claudia Sheinbaum has expressed a desire to avoid imposing retaliatory tariffs on the US, despite President Donald Trump’s comprehensive tariff plans. This statement comes as Mexico, which sends nearly 80% of its exports to the US, was spared from Trump’s recent global tariff announcement, reported Reuters. “As much as possible, we would like to avoid imposing reciprocal tariffs,” Sheinbaum stated during a press conference. However, Mexico is still affected by Trump’s earlier tariffs of 25% on steel, aluminium and automobiles, along with goods that do not comply with the regional ... (full story)