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Sheinbaum says that his response to American prices “will strengthen Mexico”: La Mañanera has recapitulated

President Claudia Sheinbaum held her press conference on Wednesday morning before the announcement of the planned “Liberation Day” of US President Donald Trump on Wednesday afternoon.

She said again that her government would respond to all American prices on Mexican products on Thursday.

During his press conference, President Sheinbaum also presented the idea that Mexico could begin to produce its own cars. Mexicans are currently buying practically all their vehicles from foreign car manufacturers. (Mario Jasso / Cuartoscuro)

(American tasks on Mexican steel and aluminumAnd goods not covered by the USMCA free trade pact have been in force since March.)

Sheinbaum also spoke of the “problem” of importing vehicles from Mexico and his call on Tuesday with the new Canadian Prime Minister Mark Carney.

“Our interest is the strengthening of the Mexican economy”

Some six hours before Trump’s planned announcement on “reciprocal prices”, a Brazilian journalist asked the Mexican president if she could present the announcement of Mexico to the protectionism of the United States.

With a warm laugh, Sheinbaum said she couldn’t.

“What we are going to announce is a full program, it’s not about saying:” You put prices for us, we put prices “,” she said.

The Minister of the Economy, Marcelo Ebrard
Sheinbaum said the Mexico pricing response would be based on the country’s México plan, introduced by the administration in January. It is an ambitious infrastructure and an economic plan intended to improve the quality of life of Mexicans and to transform the national economy into 10th in the world. (Daniel Augusto / Cuartocuro)

“Our interest is the strengthening of the Mexican economy,” including the automotive sector, said Sheinbaum.

“… The program that we are going to present tomorrow is not only linked to the prices that the United States could impose,” she said before recognizing that certain Mexican products are already faced at prices when exported to the United States

“It is a full program to strengthen the Mexican economy,” said Sheinbaum.

The federal government already has an ambitious economic initiative – Mexico plan – aimed at making Mexico the 10th largest economy in the world, reducing dependence on imports from China and other Asian countries and creating some 1.5 million new jobs.

Sheinbaum said the Mexico Plan would still be reinforced by the measures it announces on Thursday.

“ The problem is that we import a lot of vehicles ”

During his answer to the question posed by the aforementioned journalist, Sheinbaum identified the request of Mexico of foreign manufacturing vehicles as a problem.

“The problem is that we import many vehicles, especially Asian, and it is nothing against an Asian country or something like that,” she said.

“There are compact cars that are sold a lot in Mexico, (but) they are not made in Mexico,” said Sheinbaum.

She said her government was trying to strengthen the production of domestic vehicles so that the majority of vehicles purchased from Mexico are manufactured in Mexico.

A factory line completed Volkswagen SUVs out of a mounting chain in a Volkswagen factory in Puebla, Mexico,
Volkswagen vehicles rolling the mounting chain in Puebla. While many foreign car manufacturers have factories in Mexico, most of their product is shipped elsewhere. (Volkswagen de México)

The United States should impose prices of 25% on all cars made outside the country on ThursdayBut the American content in vehicles assembled in Mexico will be exempt from the obligation, lowering the effective price on the vehicles manufactured in Mexico.

The objective of reducing car imports by increasing the production of internal vehicles takes into account “the new international situation we have, but is also part of the México plan,” said Sheinbaum.

Sales of Chinese cars, including electric vehicles such as those made by Byd, have has increased significantly in recent yearsalthough Growth slowed down last year. No Chinese car manufacturer is currently making cars in Mexico, although many have announced its intention.

Cars manufactured by Japanese and Korean car manufacturers are also popular in Mexico. At least some of them are manufactured here by companies such as Toyota, Nissan and Kia.

Sheinbaum’s first call with the new Canadian PM

Sheinbaum spoke with the new Canadian Prime Minister Mark Carney the first time.

Canadian Prime Minister Mark Carney at a press conference, seated in a costume and equalizes a table with small microphones in front of him. Her hands are bent together while she speaks to an audience.
According to a position published Tuesday by the Government of Canada, the new Canadian Prime Minister Mark Carney and President Sheinbaum agreed to stay in close contact in the predictable future. (Policy exchange / Wikimedia Commons)

She told journalists on Wednesday that they had discussed the importance of the USMCA free trade pact and the need to “always maintain the trade agreement between Canada and Mexico”.

Despite the USMCA, Trump recently imposed prices for imports from Mexico and Canada.

In a Social media message On Tuesday, the federal government said that Sheinbaum and Carney had “agreed to maintain dialogue and agreed on the importance of economic integration of North America, with respect for our sovereigns, such as the best way to compete with other regions of the world.”

Carney, who succeeded Justin Trudeau as Prime Minister last month, Raised on social networks that he had spoken in Sheinbaum.

“In a changing global economy, strong and reliable partners are important. Canada and Mexico focus on deepening our trade relations and building stronger economies, he wrote.

By the editor -in -chief of Mexico News Daily Peter Davies ((Protected by e-mail)))

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