Trade

Mexico Holds Off Tariff Retaliation as Sheinbaum Bets on US Deal

Preident Claudia Sheinbaum at an event at Zocalo Plaza in Mexico City on March 9.Photographer: Stephania Corpi/Bloomberg

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By Michael O'Boyle and Carolina Millan

March 12, 2025 at 5:20 PM UTC

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Mexico is delaying its response to US tariffs on steel and aluminum imports as President Claudia Sheinbaum avoids retaliation while both countries negotiate to avert levies on a wide range of products and services.