In a significant development in the ongoing trade tensions between Mexico and the United States, President Claudia Sheinbaum announced on Wednesday that Mexico will implement measures next week if no agreement is reached regarding the newly imposed U.S. tariffs on steel and aluminum. The U.S. recently doubled these tariffs from 25% to 50%, a move Sheinbaum criticized as unjust, especially considering the existing United States-Mexico-Canada Agreement (USMCA).

President Sheinbaum emphasized that Mexico's response would not be retaliatory but aimed at safeguarding national employment and industries. "It is not a matter of revenge, or retaliation as they call it in English," she stated. "It is a matter of protecting our jobs and our businesses."

The U.S. administration, under President Donald Trump, has indicated that countries should present their "best offers" to avoid further import levies planned for early July. In response, Mexico's Economy Minister Marcelo Ebrard is scheduled to engage in high-level talks with U.S. officials this week to seek a resolution.

This development comes amid broader concerns about the potential impact on the USMCA and the economic stability of the region. Mexico has previously expressed apprehension over the fairness of the U.S. tariffs, highlighting that the U.S. maintains a trade surplus in steel and aluminum with Mexico.

As the situation unfolds, the international community watches closely, recognizing the significant implications for North American trade relations and economic cooperation.