Mexican President Believes Tariff War with US Can Be Avoided

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Mexican President Claudia Sheinbaum had a phone call with U.S. President-elect Donald Trump in an effort to avert a potential tariff war between the two countries. Trump had threatened to impose tariffs on Mexico and Canada until they addressed illegal immigration and drug flow issues. Sheinbaum expressed confidence that a tariff war could be avoided, stating that migrants and caravans are taken care of before reaching the U.S. border. Despite this, concerns remain in Mexico over the impact of potential tariffs on iconic Mexican products and regional economies, such as avocados. Sheinbaum also mentioned preparing a list of retaliatory tariffs if Trump proceeded with his plans. The proposed tariffs could amount to $266 billion in tax collections, with the costs likely to be passed on to U.S. families, importers, and companies. President-elect Joe Biden expressed hope that Trump would rethink the tariffs, emphasizing the importance of maintaining relationships with close allies. The situation continues to evolve, with many watching closely for further developments.

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