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Home Economy

Mexico has no additional tariffs, Sheinbaum celebrates; dialogue with the US will continue

The President of Mexico announced that there will be a meeting this Thursday at noon to accelerate the Mexico Plan.

T21 Media by T21 Media
3 April, 2025
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Following the April 2 announcement of reciprocal tariffs on several countries by US President Donald Trump , President Claudia Sheinbaum stressed that there are no additional tariffs on Mexico and noted that discussions are continuing with trade authorities in the United States.

At Thursday’s morning press conference, Sheinbaum emphasized that this was due to the good relationship that has been built between the two nations, which is based on respect.

“It has to do with the relationship we’ve built between the Mexican government and the United States, which is based on respect for Mexicans,” he emphasized.

However, the president noted that there are still two pending issues: tariffs on steel and aluminum, as well as those on the automotive industry.

“We are still in talks with the United States government regarding these issues, and work is continuing. The Secretary of Economy will most likely be in Washington next week,” Sheinbaum said.

He also reported that there will be a broad meeting this Thursday at noon, attended by business leaders, workers, and other sectors to accelerate the Mexico Plan .

He also pointed out that they will provide facilities for companies to enter the United States-Mexico-Canada Agreement (USMCA) , and added that exports within the Most Favored Nation could be reduced to a 12% tariff if the fight against fentanyl continues to yield results.

“Items that do not qualify as originating under the USMCA will be subject to a 12% ad valorem tariff rate,” Sheinbaum added, which, she emphasized, is part of the preferential treatment.

At the conference, he noted that vehicles exported from Mexico to the northern neighbor will be subject to a 25% tariff, except for parts manufactured in the United States. He added that they are seeking to negotiate this measure; “So far, all auto parts have the tax,” he emphasized.

He added that they have scenarios if the tax is not eliminated or lowered, but before announcing the plan, they will continue discussions with U.S. authorities.

Meanwhile, Marcelo Ebrard , head of the Ministry of Economy , said that a new trading system has been established in the world, but that the measures were not applied in the USMCA.

He asserted that the challenge now is for Mexico to achieve preferential treatment, with better conditions for competition.

“It’s a great achievement, as there wasn’t going to be an exception. This isn’t over yet; it’s a new chapter,” Ebrard emphasized.

The federal official stated that the goal over the next 40 days is to achieve the best conditions in the automotive sector, as well as in steel and aluminum.

On April 2 , Donald Trump announced a series of reciprocal global tariffs that will apply to products entering the United States from various countries around the world.

As part of this measure, a 10% tariff base was established for all goods entering the United States, and higher tariffs will be applied to imports from other countries.

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Tags: AUTOMOTIVE TARIFFClaudia SheinbaumDonald TrumpTARIFF WARUSMCA

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