Press "Enter" to skip to content

Mexico Celebrates Exemption from New U.S. Tariffs

Mexico’s Economy Secretary Marcelo Ebrard hailed the nation’s exemption from the latest U.S. tariffs as a testament to its strong ties with Washington, following President Donald Trump’s announcement of broad new trade measures this week.

On Wednesday, Trump introduced a 10% baseline tariff on imports from numerous countries, signaling a shift in U.S. trade policy. However, Mexico and Canada emerged as exceptions, spared from these additional levies while remaining under existing trade terms.

Speaking at a press conference in the National Palace on Thursday, Mexican President Claudia Sheinbaum emphasized the significance of this decision. “Mexico faces no new tariffs, which is a win for our economy,” she said, crediting the outcome to a cooperative yet firm stance in dealings with the U.S. “This reflects the respectful partnership we’ve built with the Trump administration.”

Ebrard echoed her sentiments, calling Mexico’s status “a clear advantage.” He noted that the exemption stems from the United States-Mexico-Canada Agreement (USMCA), which continues to shield key Mexican exports from the new reciprocal tariffs hitting other nations. “No other trade deal with the U.S. offers zero tariffs like the USMCA does,” he said.

The announcement follows Trump’s earlier pledge, shortly after his inauguration, to impose a 25% tariff on all goods from Mexico and Canada. That plan was later adjusted to exclude USMCA-compliant products, a move the White House tied to ongoing efforts to address illegal immigration and fentanyl trafficking. Exempted sectors include agriculture, electronics, chemicals, clothing, medical devices, machinery, and more. However, a separate 25% tariff on Mexican car exports to the U.S. remains in place, a point of contention Sheinbaum said is still under negotiation.

Ebrard underscored Mexico’s unique position compared to other U.S. trade partners. “Countries with agreements elsewhere are facing these new tariffs—Mexico is not,” he said, adding that the next 40 days will be critical for securing favorable terms in ongoing talks. “We’re working to lock in this preferential standing.”

Sheinbaum revealed plans to bolster Mexico’s domestic industries, particularly in steel, aluminum, and automotive manufacturing, which she described as vital to the nation’s economy. “The automotive sector alone drives 30% of our exports to the U.S.,” she said, outlining a strategy to boost innovation and energy efficiency in these fields. Steel and aluminum, while smaller at just over 2% of exports, will also see targeted support.

The president’s measured approach to Trump’s tariff threats has drawn attention. A former climate scientist and Mexico City mayor, Sheinbaum—Mexico’s first female president since taking office in October—has maintained a steady demeanor amid Washington’s policy shifts. “Keeping calm and focused has served us well,” she said Thursday.

Next week, Ebrard is expected to visit Washington to address the tariffs’ effects on non-USMCA sectors like automobiles, steel, and aluminum. Meanwhile, Trump praised Sheinbaum in a recent Truth Social post, writing, “We’re collaborating closely on border security and fentanyl. Thank you, President Sheinbaum, for your efforts!”

As Mexico navigates this evolving trade landscape, its leaders remain optimistic that diplomacy and the USMCA will safeguard its economic interests.

Be First to Comment

Leave a Reply