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Weekly Report - 28 November 2024 (WR-24-47)
MEXICO: Tensions rise over Trump trade threats
The future of US-Mexico commercial relations has been the subject of much uncertainty since Donald Trump was elected to a second term in the White House on 5 November. In keeping with his campaign rhetoric, on 25 November the US president-elect threatened to impose heavy tariffs on all goods imported from Mexico, as well as Canada, as soon as he takes office in January. The remarks prompted a fierce response from Mexico’s President Claudia Sheinbaum, who threatened retaliatory duties on bilateral trade. The response indicates that Sheinbaum, buoyed by popular support at home, is not prepared to be browbeaten but will rather adopt a tough negotiating stance vis-à-vis Trump.
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