Mexico City: Mexico announced retaliatory tariffs on US imports in response to the tariffs imposed by US President Donald Trump and the accusations he made, claiming that the Mexican government was involved in drug trafficking "We categorically reject the White House's slander that the Mexican government has alliances with criminal organizations, as well as any intention of meddling in our territory," Mexican President Claudia Sheinbaum said on X platform.
According to Qatar News Agency, these actions come after Trump issued an order on Saturday to impose a 25% tariff on Mexican and Canadian imports, and a 10% tariff on goods from China. He also announced that these tariffs would remain in place until the national emergency due to the fentanyl crisis and illegal immigration to the US is resolved.
Officials told reporters that Canadian energy products would face a 10% tariff, but Mexican energy imports would be subject to the full 25% tariff.
A report issued by the White House regarding the tariffs stated that they would remain in place until the crisis eases, but did not provide details about the measures the three countries must take to receive an exemption.
These steps are likely to have wide-ranging economic consequences, potentially sparking a trade war that could cause significant disruptions for all involved countries.