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Key Points

Mexican President Claudia Sheinbaum is calling for the United States to show consideration toward Mexico following new tariff announcements. The US plans to impose 25% tariffs on heavy vehicle imports starting October 1st. Sheinbaum noted that most Mexican exports are protected under the USMCA trade agreement's zero-tariff scheme. She emphasized that trade ties with the US remain crucial for Mexico's competitive advantage.

Key Points: Sheinbaum Urges US Consideration Over New Vehicle Tariffs

  • Sheinbaum hopes for US consideration during ongoing tariff negotiations
  • New 25% tariffs target imported heavy vehicles starting October 1
  • Mexico benefits from USMCA's zero-tariff scheme for many exports
  • About 85% of Mexican exports meet USMCA rules avoiding fentanyl tariffs
2 min read

Mexico urges US 'consideration' over new vehicle tariffs

Mexican President Claudia Sheinbaum calls for US consideration following Trump's new 25% tariffs on heavy vehicles, citing potential problems for both nations.

"We are already in talks, hoping there will be consideration toward Mexico - Claudia Sheinbaum"

Mexico City, Sep 30

Mexican President Claudia Sheinbaum said she hoped the United States would show "consideration" toward Mexico following the US decision to impose new tariffs on heavy vehicle imports.

"We are already in talks, hoping there will be consideration toward Mexico," Sheinbaum said on Monday during her daily press conference, adding the tariffs could be problematic for both countries, Xinhua news agency reported.

US President Donald Trump on Thursday announced a slew of new tariffs, including a 25 per cent tariff on imported heavy vehicles starting October 1, as part of his policy to strengthen the domestic industry.

Sheinbaum noted that under the United States-Mexico-Canada Agreement on free trade, Mexico's exports have grown in sectors not subject to tariffs, particularly those excluding finished vehicles, steel or copper, benefiting from the accord's "zero-tariff" scheme.

"Trade ties with the United States continue to be very important and a very significant competitive advantage for Mexico," said Sheinbaum.

Mexico has managed to avoid major repercussions from US tariff policies thus far, largely due to the US-Mexico-Canada (USMCA) trade pact. Sheinbaum hopes this trade relationship will continue to protect Mexico from harsh economic impacts.

About 85 per cent of Mexican exports meet the US-Mexico-Canada Agreement (USMCA) rules, protecting them from a 25 per cent fentanyl-related tariff. However, Trump said last month that tariffs will remain 50 per cent on Mexican steel, aluminium and copper, and 25 per cent on autos or goods that do not meet USMCA rules. He also announced that Mexico agreed to remove many of its non-tariff trade barriers.

- IANS

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Reader Comments

R
Rohit P
Trump's protectionist policies are concerning for global trade. When major economies start imposing tariffs like this, it affects everyone. Hope our government is watching this closely and preparing contingency plans.
A
Arjun K
Mexico is handling this diplomatically, which is smart. "Consideration" is a polite way to ask for fair treatment. India often faces similar trade challenges with developed countries. We need strong negotiation skills like this.
S
Sarah B
While I understand Mexico's position, every country has the right to protect its domestic industries. The US is creating jobs for Americans, which is important too. There should be a balanced approach that benefits both nations.
V
Vikram M
85% exports protected by USMCA - that's impressive! Shows the value of well-negotiated trade deals. India should focus on similar comprehensive agreements rather than piecemeal arrangements. Our manufacturing sector could learn from this.
M
Michael C
The timing of these tariffs right before US elections is clearly political. Mexico is being used as a bargaining chip. This kind of uncertainty is bad for global business confidence. Hope cooler heads prevail.

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