Mexico successfully negotiated a one-month delay on U.S. tariffs under an agreement to enhance border security and prevent drug trafficking, while both nations plan further discussions on trade and cooperation
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The Mexican federal executive also confirmed Mexico’s participation in the upcoming Community of Latin American and Caribbean States meeting on Jan. 30
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U.S. President Trump also reiterated his tariff threats and encouraged corporations to return manufacturing to the United States during a talk at the Davos World Economic Forum
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President Trump’s inaugural actions include declaring a national emergency at the U.S.-Mexico border, reinstating immigration policies and designating Mexican cartels as terrorist organizations
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The gathering comes just days before Donald Trump begins his second term as President of the United States, which could threaten the Mexican and Canadian economies should his threatened tariffs come to fruition
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During her meeting with the Mexican Business Counci, Sheinbaum reportedly touched on the topics of trade, national security, education, and payments to suppliers of Petróleos Mexicanos
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Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford reportedly previously said the two North American countries “cannot be compared” when it comes to border issues raised by U.S. President-elect Donald Trump
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Trump later took to social media to characterize the discussion between the neighboring federal executives as “very productive”
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If the United States does choose to implement the 25 percent tariffs on Trump’s first day in office as previously threatened, Ebrard warned it would be a “shot in the foot” to the U.S. economy
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The Mexican president said if Trump followw through on his promise to implement 25 percent tariffs on Mexican goods, Mexico may place its own tariffs on the United States in return
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