Mexico's president on Trump tariffs: 'Nobody wins'
Published On Mar 4, 2025, 10:43 AM
Mexican President Claudia Sheinbaum criticized the recent 25% tariffs imposed by the Trump administration on goods from Mexico, stating that 'nobody wins' with such measures. She announced plans for Mexico to retaliate with its own tariffs, noting that the tariffs would negatively impact businesses and citizens in both countries. She emphasized the need for collaboration between the U.S. and Mexico to tackle issues like drug trafficking rather than escalating trade tensions.
Stock Forecasts
XLF
Negative
The ongoing trade tensions and the imposition of tariffs could negatively impact companies that rely heavily on trade between the U.S. and Mexico. As the situation develops, industries like automotive and agricultural sectors may face pressures due to increased costs and retaliatory tariffs. Investors should consider the potential slowdown in these sectors and adjust their positions accordingly.
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