Monday, December 22, 2025

'30% Tariff' Mexico "Continuing Negotiations with US... Expecting Agreement"

Input
2025-07-14 16:00:23
Updated
2025-07-14 16:00:23
While Protecting Sovereignty, Accepting US Demands in Broad Terms with Pragmatism
March 4 (local time) Claudia Sheinbaum, President of Mexico, is holding a morning press conference at the National Palace in Mexico City. AP Newsis
[Financial News] Claudia Sheinbaum, President of Mexico, expressed confidence that "an agreement can be reached" in response to US President Donald Trump's announcement of a 30% tariff imposition.
According to the transcript of the presidential speech provided by the Mexican Presidential Office on the 13th (local time), President Sheinbaum stated at the opening ceremony of a public hospital held in Guaymas, Sonora, the previous day, "President Trump has announced a 30% tariff imposition on Mexico by sending tariff letters to major countries around the world," adding, "The letter clearly states the pursuit of an agreement."
She further mentioned, "I have always emphasized the need for calm judgment in such cases," and "In this case as well, I am confident that we will reach an agreement through negotiations by clearly communicating what we can and cannot cooperate on with the US government."
She added, "On the 11th, delegations from the Ministry of Economy, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Security, and Ministry of Energy met with counterparts from the US Department of State, Department of Commerce, Department of Energy, and Trade Representative to quickly proceed with discussions."
President Sheinbaum, who has a leftist nationalist stance, has taken a pragmatic approach by showing a strong stance against the US government's tariff threats, sometimes hinting at retaliatory tariffs, while accepting some US demands in broad terms to minimize shockwaves.
In this regard, local Mexican broadcaster Enemas (N+) reported that "if successful in combating cartels and blocking the influx of fentanyl into the US, tariffs could be adjusted," and that the Mexican government is expected to take additional security measures in the northern border area.
whywani@fnnews.com Hong Chae-wan Reporter