Mexican President Claudia Sheinbaum announced that her government will meet with steel and aluminum manufacturers to analyze the situation.
Mexican President Claudia Sheinbaum announced Wednesday that she will wait until April 2 to decide whether to apply reciprocal tariffs to U.S. steel and aluminum after the 25% tariffs on certain secondary steel and aluminum products went into effect on March 12.
"We're going to wait until April 2nd and then decide whether to impose reciprocal tariffs," Sheinbaum said at her regular "Mañanera del Pueblo" press conference.
The president also announced that her government will meet with steel and aluminum manufacturers to analyze the situation.
The Mexican president explained that this day is crucial, as the U.S. government has indicated that it will implement a "reciprocal tariff system for all countries in the world."
"Remember that April 2nd, aside from being the date we agreed on in the phone call, is the day the United States government said there would be a reciprocal tariff system for all countries in the world. So, between now and April 2nd, Secretary (of Economy) Marcelo (Ebrard) and Edgar Amador (Secretary of Finance) will also be working with Secretary of the Treasury (of the U.S., Scott Kenneth Bessent) to discuss how the April 2nd event will work, which we hope will happen given that we have a trade agreement and there are no tariffs from Mexico to the U.S.," he said from the National Palace.
Sheinbaum Pardo emphasized that her administration maintains an open and respectful dialogue with the United States and the affected industrial sectors in Mexico. "There is a very good relationship with all the steelmakers, with everyone involved in aluminum production," she stated.
On another note, he mentioned that the head of the Ministry of Economy, Marcelo Ebrard, held a meeting on March 11 with Howard Lutnick, the United States Secretary of Commerce.
The Donald Trump administration imposed a 25% tariff on steel, aluminum, and aluminum products originating worldwide. These tariffs went into effect on March 12, Washington, DC time (10 p.m. Mexico time), pursuant to a series of executive orders from the U.S. president.
