Mexican President Claudia Sheinbaum said on Monday that she would like to avoid imposing retaliatory tariffs on the United States "as much as possible," UNN reports, citing ABC.
Sheinbaum said Mexico could impose similar tariffs on steel and aluminum, but is concerned about the consequences for Mexican business.
"We prefer to continue the dialogue before taking any further action," she said during her daily press conference.
Recall
Since April 10, China will impose a duty of 34% on imports of all goods from the United States. According to reports, this step is part of the response to Trump's introduction of double-digit tariffs on Chinese goods in honor of "Liberation Day." The new tariff corresponds to the US "retaliatory" tariff rate of 34% on Chinese exports.