Daily Washington Insider
  • Business
  • World
  • Science
  • Investing

Daily Washington Insider

  • Business
  • World
  • Science
  • Investing
World

Will keeping a ‘cool head’ allow Mexico to avoid the worst of the tariffs?

by admin March 30, 2025
March 30, 2025
Will keeping a ‘cool head’ allow Mexico to avoid the worst of the tariffs?

Once again, she’s adopted a wait-and-see strategy. When President Donald Trump announced steep tariffs on all cars shipped to the United States this week – a significant escalation in a global trade war – his Mexican counterpart Claudia Sheinbaum chose pragmatism and patience.

Playing the long game is the same strategy President Sheinbaum has used since the beginning of the new American administration, one that has so far saved Mexico from steep tariffs.

In 2024, Mexico exported to the United States automobiles and auto parts worth $182.3 billion, according to the latest data from the Bureau of Economic Analysis. Given those figures, the new auto tariffs announced could pose catastrophic consequences for the Mexican economy – but Sheinbaum chose to keep a cool head.

“We’ll have to wait and see what President Trump says, and from there, we’ll have to decide, one way or another, what decisions we’d make. We’ve been through this three times; this would be the third,” Sheinbaum calmly said Wednesday during her daily morning media briefing.

The ‘cool head’ approach

The day after Trump’s inauguration, Sheinbaum said it was “important to keep a cool head” when she was asked to react to the American president’s first executive orders. Those orders included renaming the Gulf of Mexico as the Gulf of America and declaring multiple Mexican cartels as terrorist organizations – an act that could pave the way to using American military force on Mexican soil.

Sheinbaum used the same strategy last month, when Trump was about to announce tariffs on all steel and aluminum imports into the U.S., impacting her country, among others. Speaking to reporters at her daily morning briefing, she repeated what had already become her mantra for the Trump administration: “As I said before, [we have to keep a] cool head on this,” she said.

Unlike top Canadian officials, Sheinbaum has so far avoided getting into a war of words with her American counterpart. Sheinbaum – a 62-year-old climate scientist and former Mexico City mayor who became the first female president of Mexico in October – has remained pragmatic and calm – at least publicly – to Trump’s goading. For Oscar Ocampo, an analyst at the Mexican Institute for Competitiveness in Mexico City, this is a winning strategy.

Regarding the latest threat of 25 percent tariffs to automobiles and auto parts, Sheinbaum has said she will offer a “comprehensive response” on April 3, but signaled that her government is working behind the scenes to remove or reduce fees on certain Mexican-assembled autos and parts.

Her team is also putting in the miles. Mexican Economy Secretary Marcelo Ebrard traveled to Washington once again this week to meet with top US officials regarding the tariffs. By his own count, Ebrard has met with US Commerce Secretary Howard Lutnick six times.

“We made progress toward the goal of not charging manufacturers multiple tariffs — a piston crosses the border seven times when assembled — that was already agreed upon by both governments,” Ebrard said during a press briefing earlier this week.

Praise for Sheinbaum’s deft management of a tense situation goes beyond her own country; even Trump has recognized her negotiating chops, telling her “You’re tough,” in a phone call last month, according to a recent New York Times report. This is quite a departure for a leader who constantly rails against other heads of states and political enemies.

Publicly, Trump has also been complimentary. “Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl,” Trump wrote earlier this month on Truth Social. “Thank you to President Sheinbaum for your hard work and cooperation!”

It remains to be seen whether Sheinbaum’s strategy will ultimately succeed, but her presidency and the country depend on it.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
She was expelled from the United States, but still thought America would help. She was wrong
next post
Charbone Hydrogene elargit son offre de produits grace a des ententes commerciales avec un producteur de gaz industriels americain de premier niveau

You may also like

Mexico’s Supreme Court orders zoo to improve conditions...

February 27, 2025

Nearly 2 million people stranded as second wave...

June 24, 2024

Danish prime minister visits Greenland as Trump seeks...

April 3, 2025

Austria’s JJ wins Eurovision 2025 with ‘Wasted Love’

May 18, 2025

Rare cyclone threatens millions on Australia’s east coast

March 5, 2025

Tennessee man sentenced to life in prison for...

February 14, 2025

Venezuela’s Maduro starts another disputed term in office...

January 12, 2025

A rare diplomatic spat exposes growing pressures in...

February 9, 2025

Far from being cowed by US airstrikes, Yemen’s...

April 6, 2025

Ex-boyfriend sentenced to life in prison in femicide...

December 4, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Tartana Drilling to Verify Upgrading of 45,000 Tonne Copper Resource

    • 2

      Magic mushrooms effective for treating depression – study

    • 3

      Lancaster Resources Welcomes Three Highly Experienced Industry Experts to Its Advisory Board

    • 4

      Hong Kong plans to install thousands of surveillance cameras. Critics say it’s more proof the city is moving closer to China

    • 5

      UN experts urge Thailand not to deport dozens of Uyghurs to China where they face ‘real risk of torture’

    Categories

    • Business (1,212)
    • Investing (2,995)
    • Science (605)
    • World (3,626)
    Footer Logo

    Disclaimer: dailywashingtoninsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 dailywashingtoninsider.com | All Rights Reserved