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AMERICAS OIL: We Have Given Him Everything’: Trump’s Tariffs Stun Mexico

AMERICAS OIL
USEnergy BulletsNorth AmericaBulletCommodities

US-MEXICO: We Have Given Him Everything’: Trump’s Tariffs Stun Mexico: NY Times

  • President Sheinbaum said in a news conference, “we are emphatic. There is no reason, justification or excuse that supports this decision that will affect our people and nations.”
  • She enumerated what she described as her government’s “significant actions” against organized crime and noted a 50% drop in fentanyl seizures between October and January at the U.S.-Mexico border.
  • “We have worked and delivered results on security matters,” she said.
  • Ms. Sheinbaum said she had a call scheduled with Mr. Trump for Thursday, and told reporters on Tuesday that if the tariffs remained in effect afterward, her government would proceed with a number of countermeasures, including retaliatory taxes, which would be announced on Sunday. Canada also announced reciprocal tariffs.
  • “We don’t want to enter into a trade war,” she said. “That only affects the people.”
  • Ms. Sheinbaum’s approval ratings in Mexico have soared, with many praising her coolheaded approach to handling Mr. Trump, who called her a “wonderful woman.”
  • The US imported around 457k b/d in December from Mexico and imports averaged 465k b/d in 2024, second only to Canada whose exports to the US averaged 4.068m b/d in 2024. 
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US-MEXICO: We Have Given Him Everything’: Trump’s Tariffs Stun Mexico: NY Times

  • President Sheinbaum said in a news conference, “we are emphatic. There is no reason, justification or excuse that supports this decision that will affect our people and nations.”
  • She enumerated what she described as her government’s “significant actions” against organized crime and noted a 50% drop in fentanyl seizures between October and January at the U.S.-Mexico border.
  • “We have worked and delivered results on security matters,” she said.
  • Ms. Sheinbaum said she had a call scheduled with Mr. Trump for Thursday, and told reporters on Tuesday that if the tariffs remained in effect afterward, her government would proceed with a number of countermeasures, including retaliatory taxes, which would be announced on Sunday. Canada also announced reciprocal tariffs.
  • “We don’t want to enter into a trade war,” she said. “That only affects the people.”
  • Ms. Sheinbaum’s approval ratings in Mexico have soared, with many praising her coolheaded approach to handling Mr. Trump, who called her a “wonderful woman.”
  • The US imported around 457k b/d in December from Mexico and imports averaged 465k b/d in 2024, second only to Canada whose exports to the US averaged 4.068m b/d in 2024.