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Escalir Trade War: Mexico introduces customs in American products

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Escalir Trade War: Mexico introduces customs in American products
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Mexican President Claudia Sheinbaum ordered the introduction of customs in response to the US Decision to introduce 25 percent of the customs on the goods coming from Mexico, in the midst of the trade war between two neighboring countries.

In the departure on XU, sheinbaum said that her government asked for a dialogue and not a conflict with his most important trade partners in the north, but that Mexico was forced to answer the same way.

“I ordered my minister to introduce a plan B on which we work, including customs and non-tariffs within the defense of Mexican interests,” Sheinbaum announced, although she did not say that the US government intends to customs customs.

For decades, these two countries have developed mutual trade, including a highly integrated automotive industry, as well as large amounts of crude oil, natural gas and motor fuels moving in both directions.

Mexico also sends large amounts of fresh products north, including avocado and tomatoes, while American farmers send a large amount of corn and other cereals in Mexico.

The United States is far the most important foreign market for Mexico, while Mexico 2023. passed the China as the main destination of American exports.

Mexico is preparing to introduce customs from 5 to 20 percent on import pork, cheese, fresh products and steel and aluminum from the USA. The automotive industry would, at least in the initial phase, was spared.

US export to Mexico 2023. amounted to more than $ 322 billion, while the United States imported more than 475 billion dollars of Mexican products, showing data.

Almost a third of Mexican GDP directly depends on the US export, said Gabriela Siller, the director of the economic analysis of the company Grupo Base.

“With universal duties of 25 percent, it is estimated that Mexican exports could fall by about 12 percent. This could lead to the fall of GDP for 4 percent in 2025. years, if the customs remain in effect all year round, “Siller said.

Sheinbaum also rejected the criticism of the White House for drug cartels to have an alliance with the Mexican government, which the Trump administration used to justify the introduction of customs.

Trump said he introduces customs because Mexico does not prevent the influx of the deadly opioid of Fentanil in the United States.

(Vijesti.ba/hina)


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