{"id":10963,"date":"2025-03-06T20:59:26","date_gmt":"2025-03-06T20:59:26","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/with-trumps-reprieve-on-tariffs-mexico-still-wary-breathes-easier\/"},"modified":"2025-03-06T20:59:26","modified_gmt":"2025-03-06T20:59:26","slug":"with-trumps-reprieve-on-tariffs-mexico-still-wary-breathes-easier","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/with-trumps-reprieve-on-tariffs-mexico-still-wary-breathes-easier\/","title":{"rendered":"With Trump\u2019s Reprieve on Tariffs, Mexico, Still Wary, Breathes Easier"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">On Thursday morning, President Claudia Sheinbaum of Mexico spoke with President Trump, in a last-ditch attempt to avert the 25 percent tariffs that Mr. Trump imposed this week on her country\u2019s exports, which would devastate its economy.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">For now, it appears to have worked.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On social media, after the two leaders\u2019 call, Mr. Trump announced that he would give Mexico another month. At least until April 2, he said, Mexico will not be required to pay tariffs on anything that falls under the main North American trade pact.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cI did this as an accommodation, and out of respect for, President Sheinbaum,\u201d Mr. Trump wrote in a post on Truth Social. \u201cOur relationship has been a very good one.\u201d He also noted Mexico\u2019s work on curbing illegal migration and fentanyl trafficking.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Ms. Sheinbaum responded in a post on social media: \u201cMany thanks to President Donald Trump. We had an excellent and respectful call.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cWe will continue to work together, particularly on migration and security issues, which include reducing the illegal crossing of fentanyl into the United States, as well as weapons into Mexico,\u201d she added.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In a news conference on Thursday morning, Ms. Sheinbaum said she had shared with Mr. Trump examples of what the government had accomplished, including data that showed a decrease of more than 40 percent in the amount of fentanyl seized by U.S. Customs and Border Protection at the border. \u201cI told him, we\u2019re seeing results,\u201d Ms. Sheinbaum said, adding that she told him tariffs would jeopardize such cooperation. \u201cIt wasn\u2019t a threat, none of that,\u201d she added.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The tariffs, according to banks and business leaders, could cause American companies that make products in Mexico to leave the country, in line with Mr. Trump\u2019s stated goal of pressuring those manufacturers to relocate to the United States. The tariffs could lead to the loss of tens of thousands of Mexican jobs, and a contraction of the gross domestic product of more than 2 percent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Ms. Sheinbaum has spent the week urging calm while emphasizing the gravity of the situation, and saying her government had a plan to respond to tariffs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Wednesday, a day before her call with Mr. Trump, she seemed to have recovered from the shock that he was imposing the import duties, which Mexican officials, just days earlier, had appeared confident they could head off in negotiations with the Trump administration. She had shifted into crisis mode, calling this a \u201cdefinitive moment\u201d for the country and drawing a comparison to the devastating Covid-19 pandemic.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Yes, Ms. Sheinbaum acknowledged, it would bring pain: Around 80 percent of Mexico\u2019s exports go to the United States. But Mexico had withstood worse. The peso dipped on Tuesday, the day the tariffs took effect, but not nearly as much as it had during the pandemic, she said. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">She called for patience, suggesting \u2014 correctly, it turned out \u2014 that things could still change, and struck a defiant tone, saying that Mexico was not about to take tariffs lying down.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cMexicans are brave and resilient \u2014 the people of Mexico are strong, and our economy is doing well,\u201d she said on Wednesday, adding that \u201cthere will be no submission.\u201d If need be, she said, Mexico would build its trading relationships with \u201cCanada and other countries\u201d to compensate for a loss of U.S. business.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In the meantime, many Mexican businesses said they were taking their cues from their president and sitting tight but bracing for impact, knowing the seriousness of what could be in store.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cAt this point, there are no immediate reactions from exporters,\u201d said Miguel Mu\u00f1oz, the director for Mexico at Geodis, a global logistics company, who said he had spoken both to customers and to Mexican chambers of commerce, on Wednesday. \u201cThey\u2019re waiting to see what the government is going to do.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">He said that exporters were not making big moves yet, including his customers in the retail industry. They had been further encouraged by Wednesday\u2019s announcement that the Trump administration would exempt automakers from the tariffs for a month, and U.S. Commerce Secretary Howard Lutnick\u2019s suggestion earlier this week that Mr. Trump\u2019s tariff plans for Mexico and Canada could still shift, he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt\u2019s business as usual, honestly \u2014 considering it\u2019s going to be delayed a month, what\u2019s to say it\u2019s not going to be delayed six months or more?\u201d he said. \u201cAt least for this week, exporters will act as if it\u2019s business as usual, whatever it takes. After next week, they\u2019ll figure out what to do.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Ms. Sheinbaum\u2019s comments on Wednesday, however, suggested that she was preparing for the worst. Whatever her government\u2019s plan, a trade war is likely to hurt the Mexican economy much more than that of the United States.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">And while some opted for calm and caution this week, others sprung into action. Government officials and business leaders said they were working together to find ways to adjust, and to tap into alternative markets.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cOf course, this took us by surprise and it was not what we hoped for, but the key word here is adaptation,\u201d said Antonio Hern\u00e1ndez, director of economic development in the city of Torre\u00f3n, around 300 miles south of Laredo, Texas. \u201cWe have to move beyond the tragedy and into action.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">That has meant \u201cknocking on doors\u201d in the European Union with virtual meetings, and starting to plan trips to countries like Hungary and Japan to discuss commercial partnerships, Mr. Hern\u00e1ndez said. But there are big obstacles to exporting to two of the world\u2019s biggest markets, the European Union and China, experts say, including the difficulty of transporting agricultural goods with short shelf lives and European controls on importing food.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Business leaders were also looking closer to home, Mr. Hern\u00e1ndez said, focusing on Mexico\u2019s domestic market as well as other markets in the Americas.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-6\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Although local officials and business leaders have already started to scramble for ways to face the new commercial landscape, Mr. Hernandez said that until they knew more about what Mr. Trump and Ms. Sheinbaum will do, they would not know \u201cwhat the rules of the game will be.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-7\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The automotive industry \u2014 which got a temporary reprieve before Mr. Trump announced his decision to delay tariffs on Mexico more generally \u2014 warned on Wednesday that the tariffs threatened to destabilize the highly integrated supply chains between Mexico, the United States and Canada.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe tariffs will have severe repercussions in the region generating inflation, loss of jobs and lower growth for the three countries,\u201d the Mexican Automotive Industry Association and the National Auto Parts Industry said in a joint statement with other associations.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In fact, the mere possibility of tariffs is already disrupting trade. The flow of goods heading north to the United States <a class=\"css-yywogo\" href=\"https:\/\/www.reuters.com\/world\/americas\/mexican-companies-hold-back-us-bound-exports-hoping-tariff-reversal-2025-03-06\/\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">has slowed considerably<\/a>, and U.S. companies have talked of pulling their operations out of Mexico.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Ms. Sheinbaum\u2019s approval ratings have recently soared above 80 percent, in large part because of what many see as her poised and firm approach to negotiating with Mr. Trump, as well as her actions on other high priorities, like cracking down on drug-trafficking cartels.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The government has also focused on national solidarity, with Ms. Sheinbaum earlier in the week calling for a demonstration in Mexico City on Sunday, when she had also planned to announce Mexico\u2019s response to Mr. Trump\u2019s tariffs.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-8\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">On Thursday, Ms. Sheinbaum said that the event would still take place, despite the reprieve. By then, she was calling it a \u201cfestival,\u201d with musical groups.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cAll Mexicans succeeded in attaining this respect for our country,\u201d she said, adding of the event, \u201cI\u2019m going to explain the achievement that this agreement represents \u2014 between our governments and our people.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Mu\u00f1oz, the Geodis Mexico director, said that many businesses had taken a wait-and-see approach.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Thursday, it appeared they were right to do so \u2014 although tariffs still loomed on the horizon.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWhat the chambers of commerce are applauding is the way the president has handled this,\u201d Mr. Mu\u00f1oz said. \u201cThey\u2019re not moving a finger yet.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/03\/06\/world\/americas\/mexico-trump-tariffs.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday morning, President Claudia Sheinbaum of Mexico spoke with President Trump, in a last-ditch attempt to avert the 25<\/p>\n","protected":false},"author":1,"featured_media":10964,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[332,1476,239,293,114,286,413,751,1475,113],"class_list":["post-10963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-automobiles","tag-claudia","tag-customs-tariff","tag-customs-and-border-protection-us","tag-donald-j","tag-immigration-and-emigration","tag-mexico","tag-protectionism-trade","tag-sheinbaum","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With Trump\u2019s Reprieve on Tariffs, Mexico, Still Wary, Breathes Easier - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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