The president of Mexico says that the country is ready for everything that is before the deadline on Tuesday, as Canadian officials warn reprisals.
One day before the prices of American president Donald Trump should come into force, Mexico and Canada say they have plans in place to react.
Trump is expected to decide on Monday what prices he will impose early Tuesday in Canada and Mexico in the midst of last minute negotiations on border security and efforts to stop the influx of fentanyl opioids.
Trump swore to impose 25% prices On all imports of Canada and Mexico, with 10% for Canadian energy.
Mexican president Claudia Sheinbaum said on Monday that Mexico had pleaded to avoid prices, but that it would be for Trump and the US government to decide how they will perform.
“So, whatever his decision, we will make our decisions and there is a plan and there is unity in Mexico,” said Sheinbaum during his daily press conference.
Speaking on CNBC on Monday, Canadian Minister of Energy Jonathan Wilkinson again promised reprisal measures if Trump was going ahead with the prices.
Canadian officials had previously developed a plan to target the imports produced in Trump’s Republican Party before prices were first avoided last month. It was not clear if they adopt a similar approach this time.
The CEOs and economists say that the action, covering more than $ 900 billion in American annual imports from its southern and northern neighbors, would make a serious setback to the highly integrated North American economy.
The secretary of trade, Howard Lunick, said on Sunday that Trump could not impose all of the prices, saying that the president would determine their exact levels.
Mexico and Canada have “done a reasonable job” to get their American borders and Trump plans to finalize the final tariffs, Fox News told Fox News.
“He thinks in a way at the moment how he wants to play with Mexico and Canada, and it’s a fluid situation,” he said. “There will be prices on Tuesday in Mexico and Canada. Exactly what they are, we will leave this for the president and his team to negotiate. »»
“ The path he chose ”
Trump has largely sworn to reshape almost all trade relations since its entry into office, advertisement The United States was treated unfairly in its constellation of agreements around the world.
This has aroused fears of overlapping commercial wars that could disrupt the world economy.
But the emphasis put by Trump on Mexico and Canada was particularly surprising, given nature deeply linked to the industries and economies of the three countries.
In response to the threat, Mexico and Canada announced a series of initiatives to respond to Trump requests linked to migration and drug trafficking last month.
This included Mexico sending 10,000 national guard troops at its common border with the United States. Last week, Mexico extradited 29 members of the drug cartel in the United States.
Among other measures, Canada appointed a so-called “fentanyl tsar”, despite the American authorities who seize less than 20 kg (44 pounds) of the Opioid smuggling from Canada from October 2023 to September 2024.
On Friday, senior Canadian and Mexican officials also met members of Trump’s office to discuss their response.
Trump advisor Peter Navarro said it was unlikely that Trump will not give up, despite concerns about domestic economic return.
“This is the path he chose,” he told CNBC.
