President Trump may be surrounding himself with strong, intelligent women, but far-left Mexican president Claudia Sheinbaum is not one of them. President Trump has announced that he will place 25% tariffs on all goods from Canada and Mexico until they stop allowing illegal aliens to cross the border into this country. Trudeau immediately called Trump to work out a deal, but Sheinbaum rebelled and said she would place a 25% tariff on US goods.
Mexico Trade & Investment Summary
U.S. goods and services trade with Mexico totaled an estimated $855.1 billion in 2022. Exports were $362.0 billion; imports were $493.1 billion. The U.S. goods and services trade deficit with Mexico was $131.1 billion in 2022.
U.S. goods exports to Mexico in 2022 were $324.3 billion, up 17.0 percent ($47.2 billion) from 2021 and up 50 percent from 2012. U.S. goods imports from Mexico totaled $454.8 billion in 2022, up 18.9 percent ($72.2 billion) from 2021, and up 64 percent from 2012. U.S. exports to Mexico account for 15.7 percent of overall U.S. expo.
To make matters worse for Mexico i that mot of their exports to the United States are cars and electronics and the 25% tariff could very well price those big ticket items out of the market. Some economists think the tariffs could devalue the peso by 25%. A growing market for avocados could be devastated. Imports to the United States makes up 83% of their exports. Sheinbaum is letting her Trump Derangement Sydrome guide her action and it’s the Mexicans who will suffer the most.
VISIT OUR YOUTUBE CHANNELAs TGP readers may know, Sheinbaum is a typical leftist who blames ‘neoliberal economic policies’ (which in Latin America means Capitalism) for poverty, promises a ‘strong welfare state’, and means to ‘guarantee the minimum rights to all residents.’ Moreover, she is into the ‘climate change’ cult and locked down Mexico City when she was mayor during the COVID-19 pandemic.
Sheinbaum was livid over Trump’s bold move to hold her nation accountable for permitting the invasion and threatened to impose tariffs in response. She read aloud from a letter she wrote to Trump regarding the tariffs during a news conference on Tuesday in Mexico City.
“To one tariff will follow another in response and so on, until we put our common businesses at risk,” Sheinbaum said.
Sheinbaum then went on to blame America for rampant cartel violence in Mexico and the fentanyl crisis.
“We do not produce these weapons, nor do we consume synthetic drugs,” she said. “Tragically, it is in our country that lives are lost to the violence resulting from meeting the drug demand in yours.”
Sheinbaum also stated she wanted a call from Trump and would send a letter to Trudeau.
If Sheinbaum were to follow through with the retaliatory tariffs, she would be digging her nation’s grave. As the Financial Times notes, roughly 83% of all of Mexico’s exports are sent America. These come primarily from cars, trucks, and electronic goods.
In addition, the Mexican peso has fallen almost 20% since April and collapsed another 1.7% against the dollar following Trump’s tariff threat. William Jackson, chief emerging markets economist at Capital Economics, told the Financial Times that if Trump followed through on his tariffs, the peso could fall as much as 25%.
If Sheinbaum is smart and loves her country, she will look to cooperate with Trump and strengthen ties between Mexico and the U.S. However, her ego and hatred of Trump prevail at the moment.
