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Sheinbaum confirms that Mexico has a plan B for its oil exports if Trump imposes tariffs
Friday, November 29, 2024 - 14:15
Fuente: El Economista

"If it were to happen, we have a plan, but ideally it would not happen," the Mexican president responded to a specific question on the subject.

Mexican President Claudia Sheinbaum said Friday morning that the Aztec country has a plan in case U.S. President-elect Donald Trump imposes tariffs on crude oil exported from Mexican lands.

"If it were to happen, we still have a plan, but ideally it would not happen," Sheinbaum responded to a specific question on the subject.

Most of state oil company Pemex's oil exports are destined for the U.S. market. The U.S. accounts for 61% and 56% of Canadian and Mexican crude exports, respectively, according to Kpler ship-tracking data.

Trump said Monday he would impose a 25% tariff on imports from Canada and Mexico until they crack down on drugs, particularly fentanyl, and migrants crossing borders illegally.

The measure does not exclude crude oil, Reuters reported.

Autores

El Economista