Mexico CAVES, Will Not Implement Retaliatory Tariffs Against the U.S.

This is wonderful.

Mexican President Claudia Sheinbaum just announced that her country is not planning on imposing any retaliatory tariffs against the United States.

This comes just as President Trump’s 20% import duties went into effect.

President Trump is also expected to announce new tariffs later this afternoon.

Take a look:

BREAKING: Mexico folds, will not implement retaliatory tariffs against the United States. pic.twitter.com/1ltuKhtCFu

— Ian Jaeger (@IanJaeger29) April 2, 2025

🇲🇽 MEXICO TO TRUMP: NO RETALIATORY TARIFFS, BUT DO NOT PUSH US

Trump’s 20% import duties hit today, and Mexican auto exports are already stung by 25% levies.

Sheinbaum’s staying cool, pushing USMCA talks over a trade war.

But she warns: if Trump pushes, Mexico’s ready with… https://t.co/Zpw9QsJbjy pic.twitter.com/mPV5idZ8Zo

— Mario Nawfal (@MarioNawfal) April 2, 2025

MEXICO TO TRUMP: NO RETALIATORY TARIFFS, BUT DO NOT PUSH US

Trump’s 20% import duties hit today, and Mexican auto exports are already stung by 25% levies.

Sheinbaum’s staying cool, pushing USMCA talks over a trade war.

But she warns: if Trump pushes, Mexico’s ready with targeted hits—think U.S. corn or steel.

She’s already doubled border troops, cracked down on fentanyl, all to keep him happy.

Still, 80% of Mexico’s exports lean on the U.S.—she’s got little room to bend.

From Reuters:

Mexican President Claudia Sheinbaum said on Wednesday that Mexico does not plan to impose tit-for-tat tariffs on the United States, ahead of President Donald Trump’s planned announcement of new tariffs.

Trump has said he will impose sweeping new tariffs on countries around the world on Wednesday. The move is expected to escalate a trade war with global partners including Mexico and Canada, two of the biggest U.S. trade relationships, as well as increase prices and upend a decades-old trade order.

Sheinbaum said at her daily morning press conference that Mexico will on Thursday “announce a comprehensive program, not a tit-for-tat on tariffs.”

“Let’s see what announcement they make, but we have a plan to strengthen the economy under any circumstance,” Sheinbaum added.

Trump’s tariff announcement is scheduled for 4 p.m. ET (2000 GMT).