Mexico received positive trade news this week as President Claudia Sheinbaum celebrated the country’s exclusion from the sweeping new tariffs announced by U.S. President Donald Trump. The White House confirmed that Canada and Mexico would be spared from the baseline 10% tariff on nearly all U.S. imports, thanks to their participation in the US-Mexico-Canada Agreement (USMCA).
During her morning press conference on Thursday, Sheinbaum emphasized the significance of this decision, attributing it to the strong diplomatic and economic ties between Mexico and the United States. “This is good for the country,” she stated. “It reflects the good relationship between the Mexican and U.S. governments.”
The exemption applies to most goods traded under USMCA, though Mexico’s auto, steel, and aluminum exports will still be subject to separate tariff policies. Economy Minister Marcelo Ebrard hailed the news as a “great achievement” and stressed that Mexico will work to secure the best possible trade conditions in the coming weeks.
Trump’s tariff plan includes a 25% levy on imported vehicles, effective immediately, with additional duties on automobile parts set to take effect on May 3. In response, Sheinbaum announced that the Mexican government will introduce new policies in May to strengthen domestic industries, particularly in the auto, steel, and aluminum sectors.
Mexico’s economy remains deeply connected to the U.S., with 80% of its exports heading north. While Trump’s latest tariffs pose challenges for many nations, Mexico’s exclusion underscores the enduring strength of the USMCA and the benefits of regional trade cooperation. https://banderasnews.com/
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For more information about renting a villa in Puerto Vallarta, visit our website at https://www.casabayvillas.com/, email Jennifer at info@casabayvillas.com, or call us at 203.386.8022.
Our mission at Casa Bay Villas is to exceed your expectations, listen to your needs, and assist you in selecting the best villa rental for your vacation in Puerto Vallarta, Mexico.
Come…relax and experience the charm and culture of Puerto Vallarta, Mexico, with quaint cobblestone streets, the fragrant scent of Bougainvillea, beautiful beaches, Mexican cuisine, outstanding golf courses, and a host of activities for everyone to enjoy!
