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Sunday, March 9, 2025

Mexico's Sheinbaum rallies national pride after US tariff reprieve

 Instead of announcing retaliatory tariffs against the US, Mexico President Claudia Sheinbaum on Sunday held a rally in Mexico to celebrate their postponement. Reuters reported Sheinbaum said dialogue and respect had brought about the temporary reprieve of 25% tariffs on many Mexican imports to the US:

Sheinbaum, speaking to thousands of people who gathered in Mexico City's iconic Zocalo square for an event aimed at bolstering national pride, highlighted the economic contributions that Mexico and its people makes to the U.S. economy.

"We cannot give up our sovereignty, nor can our people be affected by decisions made by foreign governments or hegemonies. In that case, we will always act immediately," Sheinbaum said, addressing the plaza packed with thousands of people waving flags and holding signs promoting Mexican pride and independence.

"The common history of our countries is marked by numerous episodes of hostility but also by numerous episodes of cooperation and understanding," she added.

President Claudia Sheinbaum addresses supporters at a rally she convened to welcome U.S. President Donald Trump's decision to postpone tariffs on Mexican goods for one month at the Zocalo, Mexico City's main square, Sunday, March 9, 2025. (AP Photo/Eduardo Verdugo)
President Claudia Sheinbaum addresses supporters at a rally she convened to welcome U.S. President Donald Trump's decision to postpone tariffs on Mexican goods for one month at the Zocalo, Mexico City's main square, Sunday, March 9, 2025. (AP Photo/Eduardo Verdugo) · ASSOCIATED PRESS

US President Donald Trump slapped 25% tariffs on Mexico and Canada effective March 4, but two days later amended the levies, and said goods covered under the USMCA trade agreement would not be subject to tariffs until April 2, as Reuters noted, out of "respect" for Sheinbaum after he spoke to her on the phone.

https://finance.yahoo.com/news/live/live-mexicos-sheinbaum-celebrates-tariffs-reprieve-as-canadas-liberal-party-picks-trudeau-successor-191201891.html

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